Morgan Stanley set a €8.00 ($9.41) price target on Iberdrola SA (MCE:IBE) in a research note released on Monday, October 16th. The brokerage currently has a buy rating on the stock.
Several other research firms have also weighed in on IBE. UBS Group AG set a €6.40 ($7.53) price target on Iberdrola SA and gave the company a neutral rating in a research report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) set a €7.80 ($9.18) price target on Iberdrola SA and gave the company a neutral rating in a research report on Friday, September 8th. J P Morgan Chase & Co set a €7.00 ($8.24) price target on Iberdrola SA and gave the company a buy rating in a research report on Wednesday, July 12th. Royal Bank Of Canada set a €7.25 ($8.53) price target on Iberdrola SA and gave the company a neutral rating in a research report on Tuesday, September 5th. Finally, Deutsche Bank AG set a €7.80 ($9.18) price target on Iberdrola SA and gave the company a buy rating in a research report on Wednesday, July 12th. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of €7.17 ($8.44).
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Iberdrola SA 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.
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