Morgan Stanley Analysts Give Iberdrola (IBE) a €8.00 Price Target

Iberdrola (BME:IBE) has been given a €8.00 ($9.88) price objective by research analysts at Morgan Stanley in a note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 33.56% from the stock’s previous close.

Several other analysts have also weighed in on IBE. set a €7.30 ($9.01) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Thursday, November 9th. Societe Generale set a €7.25 ($8.95) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Tuesday, January 16th. Citigroup set a €7.50 ($9.26) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Monday, January 15th. Deutsche Bank set a €7.80 ($9.63) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, Bank of America set a €7.30 ($9.01) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Wednesday, November 29th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of €7.13 ($8.80).

Shares of Iberdrola (BME:IBE) traded down €0.09 ($0.11) during trading hours on Tuesday, hitting €5.99 ($7.40). 14,540,000 shares of the company were exchanged, compared to its average volume of 21,740,000. The company has a market capitalization of $38,590.00 and a price-to-earnings ratio of 12.74. Iberdrola has a fifty-two week low of €5.95 ($7.35) and a fifty-two week 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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