Iberdrola SA (IBE) Receives Consensus Recommendation of “Hold” from Analysts
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.
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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.
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