Shares of Iberdrola SA (MCE:IBE) have received an average recommendation of “Buy” from the thirteen research firms that are covering the firm. Three research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is €6.84 ($7.60).
A number of brokerages have recently issued reports on IBE. Royal Bank Of Canada set a €7.25 ($8.06) target price on Iberdrola SA and gave the stock a “buy” rating in a report on Thursday, June 30th. Independent Research GmbH set a €6.70 ($7.44) target price on Iberdrola SA and gave the stock a “neutral” rating in a report on Thursday, July 21st. Goldman Sachs Group Inc. set a €5.70 ($6.33) price target on Iberdrola SA and gave the stock a “neutral” rating in a research report on Tuesday, June 28th. Deutsche Bank AG set a €6.50 ($7.22) price target on Iberdrola SA and gave the stock a “buy” rating in a research report on Monday, June 27th. Finally, BNP Paribas set a €5.40 ($6.00) price target on Iberdrola SA and gave the stock a “sell” rating in a research report on Tuesday, July 5th.
About Iberdrola SA
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. Its Network business includes a range of energy transmission and distribution activities, and other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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