Goldman Sachs Group, Inc. (The) Reiterates €7.80 Price Target for Iberdrola SA (IBE)
Iberdrola SA (MCE:IBE) received a €7.80 ($8.97) target price from equities research analysts at Goldman Sachs Group, Inc. (The) in a note issued to investors on Thursday. The firm currently has a “neutral” rating on the stock.
Other research analysts also recently issued research reports about the company. Deutsche Bank AG set a €7.30 ($8.39) price target on Iberdrola SA and gave the company a “buy” rating in a report on Friday, April 21st. Citigroup Inc. set a €8.00 ($9.20) price target on Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, June 13th. Morgan Stanley set a €7.30 ($8.39) price target on Iberdrola SA and gave the company a “buy” rating in a report on Monday, June 12th. J P Morgan Chase & Co set a €7.00 ($8.05) price target on Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, July 12th. Finally, Macquarie set a €6.70 ($7.70) price target on Iberdrola SA and gave the company a “neutral” rating in a report on Monday, June 19th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Iberdrola SA has an average rating of “Buy” and a consensus target price of €7.12 ($8.18).
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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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