Macquarie Analysts Give Iberdrola SA (IBE) a €6.70 Price Target
Iberdrola SA (MCE:IBE) received a €6.70 ($7.53) price target from analysts at Macquarie in a research note issued on Monday. The firm presently has a “neutral” rating on the stock.
Several other brokerages have also recently commented on IBE. J P Morgan Chase & Co set a €7.00 ($7.87) target price on shares of Iberdrola SA and gave the stock a “buy” rating in a report on Monday, April 24th. Deutsche Bank AG set a €7.30 ($8.20) target price on shares of Iberdrola SA and gave the stock a “buy” rating in a report on Friday, April 21st. Goldman Sachs Group, Inc. (The) set a €7.20 ($8.09) target price on shares of Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, April 4th. Morgan Stanley set a €7.30 ($8.20) target price on shares of Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, March 21st. Finally, Credit Suisse Group set a €7.00 ($7.87) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Monday, March 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of €7.09 ($7.97).
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Iberdrola SA Company Profile
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. The Company’s Network business segment includes all the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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