Iberdrola SA (IBE) Given Average Rating of “Hold” by Analysts

Shares of Iberdrola SA (BME:IBE) have been assigned an average recommendation of “Hold” from the sixteen analysts that are presently covering the firm, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is €7.13 ($8.80).

Several research analysts recently weighed in on IBE shares. Deutsche Bank set a €7.80 ($9.63) target price on Iberdrola and gave the stock a “buy” rating in a research report on Monday, October 30th. Morgan Stanley set a €8.00 ($9.88) target price on Iberdrola and gave the stock a “buy” rating in a research report on Monday, October 16th. Bank of America set a €7.30 ($9.01) target price on Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, November 29th. set a €7.30 ($9.01) target price on Iberdrola and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Citigroup set a €7.50 ($9.26) target price on Iberdrola and gave the stock a “buy” rating in a research report on Monday, January 15th.

Shares of Iberdrola (IBE) opened at €6.19 ($7.64) on Tuesday. The firm has a market capitalization of $39,880.00 and a price-to-earnings ratio of 13.17. Iberdrola has a twelve month low of €5.79 ($7.15) and a twelve month high of €7.30 ($9.01).

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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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