Iberdrola SA (MCE:IBE) has been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is €7.24 ($8.61).

Several brokerages recently commented on IBE. Deutsche Bank AG set a €7.80 ($9.29) target price on Iberdrola SA and gave the company a “buy” rating in a report on Wednesday. UBS AG set a €6.40 ($7.62) target price on Iberdrola SA and gave the company a “neutral” rating in a report on Friday. Goldman Sachs Group, Inc. (The) set a €7.80 ($9.29) target price on Iberdrola SA and gave the company a “neutral” rating in a report on Friday. Royal Bank Of Canada set a €7.25 ($8.63) target price on Iberdrola SA and gave the company a “neutral” rating in a report on Tuesday. Finally, Barclays PLC set a €7.00 ($8.33) target price on Iberdrola SA and gave the company a “neutral” rating in a report on Wednesday, August 2nd.

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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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