Iberdrola SA (MCE:IBE) has been assigned a €7.10 ($8.45) price objective by equities research analysts at Goldman Sachs Group, Inc. (The) in a report issued on Thursday. The brokerage presently has a “neutral” rating on the stock.

Several other equities analysts have also issued reports on the company. Deutsche Bank AG set a €7.30 ($8.69) target price on Iberdrola SA and gave the stock a “buy” rating in a research note on Friday, June 9th. Barclays PLC set a €7.35 ($8.75) target price on Iberdrola SA and gave the stock a “neutral” rating in a research note on Monday, June 12th. Morgan Stanley set a €7.30 ($8.69) target price on Iberdrola SA and gave the stock a “buy” rating in a research note on Monday, June 12th. Citigroup Inc. set a €8.00 ($9.52) target price on Iberdrola SA and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Finally, Macquarie set a €6.70 ($7.98) target price on Iberdrola SA and gave the stock a “neutral” rating in a research note on Monday, June 19th. Eight equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €7.17 ($8.54).

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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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