Iberdrola SA (MCE:IBE) has been assigned a €7.80 ($9.18) target price by investment analysts at Deutsche Bank AG in a research note issued to investors on Wednesday. The brokerage presently has a “buy” rating on the stock.

A number of other brokerages have also recently commented on IBE. Morgan Stanley set a €8.00 ($9.41) target price on Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, July 18th. J P Morgan Chase & Co set a €7.00 ($8.24) target price on Iberdrola SA and gave the stock a “buy” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.76) target price on Iberdrola SA and gave the stock a “buy” rating in a report on Thursday, July 6th. Macquarie set a €6.70 ($7.88) target price on Iberdrola SA and gave the stock a “neutral” rating in a report on Monday, June 19th. Finally, Citigroup Inc. set a €8.00 ($9.41) target price on Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, June 13th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Iberdrola SA has a consensus rating of “Hold” and an average target price of €7.17 ($8.44).

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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.

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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