Iberdrola SA (MCE:IBE) received a €8.00 ($9.20) target price from Morgan Stanley in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock.

Other research analysts have also issued reports about the company. Deutsche Bank AG set a €7.30 ($8.39) price objective on Iberdrola SA and gave the company a “buy” rating in a research report on Friday, April 21st. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.56) price objective on Iberdrola SA and gave the company a “buy” rating in a research report on Thursday, July 6th. Citigroup Inc. set a €8.00 ($9.20) price objective on Iberdrola SA and gave the company a “buy” rating in a research report on Tuesday, June 13th. Finally, J P Morgan Chase & Co set a €7.00 ($8.05) price objective on Iberdrola SA and gave the company a “buy” rating in a research report on Wednesday, July 12th. Six investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Iberdrola SA currently has an average rating of “Buy” and an average target price of €7.08 ($8.14).

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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.

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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