Iberdrola (BME:IBE) has been assigned a €6.40 ($7.62) price objective by UBS Group in a research note issued on Monday, www.boersen-zeitung.de reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target indicates a potential downside of 4.19% from the stock’s previous close.
IBE has been the subject of a number of other reports. Credit Suisse Group set a €6.70 ($7.98) price target on shares of Iberdrola and gave the company a “neutral” rating in a research report on Friday, October 6th. Societe Generale set a €7.25 ($8.63) price target on shares of Iberdrola and gave the company a “neutral” rating in a research report on Thursday, November 2nd. Bank of America set a €7.30 ($8.69) price target on shares of Iberdrola and gave the company a “buy” rating in a research report on Wednesday, November 29th. Morgan Stanley set a €8.00 ($9.52) price objective on Iberdrola and gave the stock a “buy” rating in a research report on Monday, October 16th. Finally, Berenberg Bank set a €6.80 ($8.10) price objective on Iberdrola and gave the stock a “neutral” rating in a research report on Friday, January 12th. Nine research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Iberdrola presently has an average rating of “Hold” and a consensus target price of €7.18 ($8.55).
Iberdrola (IBE) traded up €0.01 ($0.01) during mid-day trading on Monday, hitting €6.68 ($7.95). 10,280,000 shares of the stock were exchanged, compared to its average volume of 21,050,000. Iberdrola has a 52 week low of €5.76 ($6.86) and a 52 week high of €7.30 ($8.69). The firm has a market cap of $43,140.00 and a P/E ratio of 14.52.
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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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