Iberdrola SA (MCE:IBE) has been given an average recommendation of “Buy” by the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is €7.10 ($7.89).

Several research analysts recently commented on IBE shares. Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Iberdrola SA in a research report on Wednesday, May 3rd. Deutsche Bank AG set a €7.30 ($8.11) price target on Iberdrola SA and gave the company a “buy” rating in a research report on Thursday, April 27th. J P Morgan Chase & Co set a €7.00 ($7.78) price target on Iberdrola SA and gave the company a “buy” rating in a research report on Monday, April 24th. Morgan Stanley set a €7.30 ($8.11) price target on Iberdrola SA and gave the company a “buy” rating in a research report on Tuesday, March 21st. Finally, Credit Suisse Group set a €7.00 ($7.78) price target on Iberdrola SA and gave the company a “buy” rating in a research report on Monday, March 13th.

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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. 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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