Iberdrola SA (IBE) PT Set at €6.80 by Societe Generale
Iberdrola SA (MCE:IBE) received a €6.80 ($7.56) price objective from research analysts at Societe Generale in a report issued on Tuesday. The firm currently has a a “buy” rating on the stock.
Several other research analysts have also commented on the company. Goldman Sachs Group Inc. set a €7.20 ($8.00) price target on Iberdrola SA and gave the stock a “buy” rating in a report on Monday. BNP Paribas set a €7.20 ($8.00) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 28th. Morgan Stanley set a €7.10 ($7.89) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 7th. Independent Research GmbH set a €6.70 ($7.44) price objective on shares of Iberdrola SA and gave the company a “neutral” rating in a report on Thursday, July 21st. Finally, Credit Suisse Group AG set a €6.90 ($7.67) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a report on Thursday, July 21st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Iberdrola SA currently has a consensus rating of “Buy” and a consensus target price of €6.82 ($7.58).
About Iberdrola SA
IBERDROLA, SA is engaged in carrying out electricity and gas activities in Spain and abroad. The Company’s segments include Network business, Deregulated business, Renewable business and Other businesses. Its Network business includes a range of energy transmission and distribution activities, and other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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