Iberdrola SA (MCE:IBE) has received a consensus recommendation of “Hold” from the fifteen analysts that are covering the firm, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is €7.19 ($8.46).

A number of brokerages have issued reports on IBE. Barclays PLC set a €7.35 ($8.65) target price on Iberdrola SA and gave the stock a “neutral” rating in a research note on Monday, June 12th. Macquarie set a €6.70 ($7.88) price target on Iberdrola SA and gave the stock a “neutral” rating in a report on Monday, June 19th. Goldman Sachs Group, Inc. (The) set a €7.10 ($8.35) price target on shares of Iberdrola SA and gave the company a “neutral” rating in a research report on Thursday, September 14th. Morgan Stanley set a €8.00 ($9.41) price target on shares of Iberdrola SA and gave the company a “buy” rating in a research report on Tuesday, July 18th. Finally, Deutsche Bank AG set a €7.30 ($8.59) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a report on Friday, June 9th.

COPYRIGHT VIOLATION NOTICE: This report was first posted by American Banking News and is the property of of American Banking News. If you are accessing this report on another publication, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The legal version of this report can be read at https://www.americanbankingnews.com/2017/10/04/iberdrola-sa-ibe-receives-consensus-recommendation-of-hold-from-analysts.html.

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)

Receive News & Ratings for Iberdrola SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iberdrola SA and related companies with MarketBeat.com's FREE daily email newsletter.