Shares of Iberdrola SA (MCE:IBE) have been assigned an average recommendation of “Hold” from the fifteen analysts that are currently covering the stock, Marketbeat.com reports. Eight investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is €7.18 ($8.45).

A number of brokerages have recently commented on IBE. Macquarie set a €6.70 ($7.88) price target on Iberdrola SA and gave the company a “neutral” rating in a research note on Monday, June 19th. Deutsche Bank AG set a €7.80 ($9.18) price target on Iberdrola SA and gave the company a “buy” rating in a research note on Thursday, June 15th. Citigroup Inc. set a €8.00 ($9.41) price target on Iberdrola SA and gave the company a “buy” rating in a research note on Tuesday, June 13th. Morgan Stanley set a €7.30 ($8.59) price target on Iberdrola SA and gave the company a “buy” rating in a research note on Monday, June 12th. Finally, Barclays PLC set a €7.35 ($8.65) price target on Iberdrola SA and gave the company a “neutral” rating in a research note on Monday, June 12th.

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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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