Iberdrola (BME:IBE) has been assigned a €7.80 ($9.29) target price by equities researchers at Deutsche Bank in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective would suggest a potential upside of 16.07% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. Morgan Stanley set a €8.00 ($9.52) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Monday, October 16th. Credit Suisse Group set a €6.70 ($7.98) target price on shares of Iberdrola and gave the company a “neutral” rating in a research note on Friday, October 6th. BNP Paribas set a €7.50 ($8.93) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Tuesday, September 19th. Goldman Sachs Group set a €7.80 ($9.29) target price on shares of Iberdrola and gave the company a “neutral” rating in a research note on Friday, September 8th. Finally, Bank of America set a €7.30 ($8.69) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Wednesday, November 29th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of €7.19 ($8.56).

Shares of Iberdrola (IBE) traded down €0.03 ($0.04) during mid-day trading on Wednesday, reaching €6.72 ($8.00). 9,160,000 shares of the company traded hands, compared to its average volume of 18,300,000. Iberdrola has a 12-month low of €5.67 ($6.75) and a 12-month high of €7.30 ($8.69).

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Iberdrola 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 (BME:IBE)

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