Iberdrola SA (IBE) Given a €6.70 Price Target at Credit Suisse Group AG
Iberdrola SA (MCE:IBE) received a €6.70 ($7.88) target price from Credit Suisse Group AG in a report issued on Friday. The firm presently has a “neutral” rating on the stock.
Several other equities analysts have also recently weighed in on the company. Goldman Sachs Group, Inc. (The) set a €7.10 ($8.35) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Tuesday. J P Morgan Chase & Co set a €7.00 ($8.24) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Tuesday. BNP Paribas set a €7.50 ($8.82) price objective on Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, September 19th. UBS AG set a €6.40 ($7.53) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Friday, September 8th. Finally, Deutsche Bank AG set a €7.80 ($9.18) price objective on Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 6th. Ten research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of €7.17 ($8.44).
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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.
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