Iberdrola (IBE) Given a €7.10 Price Target by Goldman Sachs Group Analysts
Iberdrola (BME:IBE) has been assigned a €7.10 ($8.45) price target by investment analysts at Goldman Sachs Group in a research report issued on Monday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 8.07% from the company’s current price.
Other analysts also recently issued research reports about the company. BNP Paribas set a €7.50 ($8.93) price target on Iberdrola and gave the stock a “buy” rating in a research note on Tuesday, September 19th. Deutsche Bank set a €7.80 ($9.29) target price on Iberdrola and gave the company a “buy” rating in a research note on Monday, October 30th. Morgan Stanley set a €8.00 ($9.52) target price on Iberdrola and gave the company a “buy” rating in a research note on Monday, October 16th. Bank of America set a €7.30 ($8.69) target price on Iberdrola and gave the company a “buy” rating in a research note on Wednesday, November 29th. Finally, set a €7.30 ($8.69) target price on Iberdrola and gave the company a “buy” rating in a research note on Thursday, November 9th. Ten investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of €7.18 ($8.55).
Shares of Iberdrola (BME IBE) traded up €0.04 ($0.05) during trading hours on Monday, reaching €6.57 ($7.82). The company had a trading volume of 14,460,000 shares, compared to its average volume of 20,210,000. The company has a market cap of $41,480.00 and a P/E ratio of 14.28. Iberdrola has a 1 year low of €5.76 ($6.86) and a 1 year 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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