Iberdrola SA (IBE) Given a €7.80 Price Target by Deutsche Bank AG Analysts
Iberdrola SA (MCE:IBE) received a €7.80 ($9.18) price target from investment analysts at Deutsche Bank AG in a research note issued on Monday. The firm currently has a “buy” rating on the stock.
Several other research firms have also recently issued reports on IBE. Barclays PLC set a €7.00 ($8.24) price objective on Iberdrola SA and gave the stock a “neutral” rating in a report on Wednesday, August 2nd. J P Morgan Chase & Co set a €7.00 ($8.24) price objective on Iberdrola SA and gave the stock a “neutral” rating in a report on Tuesday, October 3rd. Morgan Stanley set a €8.00 ($9.41) price objective on Iberdrola SA and gave the stock a “buy” rating in a report on Monday, October 16th. UBS AG set a €6.40 ($7.53) price objective on Iberdrola SA and gave the stock a “neutral” rating in a report on Thursday, July 20th. Finally, BNP Paribas set a €7.50 ($8.82) price objective on Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, September 19th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of €7.17 ($8.44).
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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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