Iberdrola (IBE) Given a €7.30 Price Target by Bank of America Analysts
Iberdrola (BME:IBE) received a €7.30 ($8.69) price target from Bank of America in a research report issued on Wednesday, November 29th. The brokerage presently has a “buy” rating on the stock. Bank of America’s target price would suggest a potential upside of 13.00% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Goldman Sachs Group reaffirmed a “neutral” rating and issued a price target on shares of Iberdrola in a research report on Monday, November 6th. UBS Group set a €6.40 ($7.62) price target on shares of Iberdrola and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. JPMorgan Chase & Co. set a €7.00 ($8.33) price target on shares of Iberdrola and gave the stock a “neutral” rating in a research report on Tuesday, November 7th. Morgan Stanley set a €8.00 ($9.52) price target on shares of Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Deutsche Bank set a €7.80 ($9.29) price target on shares of Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Ten equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of €7.19 ($8.56).
Shares of Iberdrola (BME IBE) opened at €6.46 ($7.69) on Wednesday. The stock has a market cap of $40,810.00 and a PE ratio of 13.46. Iberdrola has a 52-week low of €5.76 ($6.86) and a 52-week high of €7.30 ($8.69).
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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