Societe Generale set a €7.25 ($8.63) target price on Iberdrola (BME:IBE) in a research note released on Tuesday morning. The brokerage currently has a buy rating on the stock.
IBE has been the topic of a number of other research reports. Credit Suisse Group set a €6.70 ($7.98) price target on Iberdrola and gave the stock a neutral rating in a research report on Friday, October 6th. Bank of America set a €7.30 ($8.69) price target on Iberdrola and gave the stock a buy rating in a research report on Wednesday, November 29th. Morgan Stanley set a €8.00 ($9.52) price target on Iberdrola and gave the stock a buy rating in a research report on Monday, October 16th. Berenberg Bank set a €6.80 ($8.10) price target on Iberdrola and gave the stock a neutral rating in a research report on Friday, January 12th. Finally, Deutsche Bank set a €7.80 ($9.29) price target on Iberdrola and gave the stock a buy rating in a research report on Wednesday, November 8th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of €7.18 ($8.55).
Iberdrola (IBE) opened at €6.65 ($7.92) on Tuesday. The firm has a market capitalization of $42,010.00 and a P/E ratio of 14.46. Iberdrola has a 12-month low of €5.76 ($6.86) and a 12-month high of €7.30 ($8.69).
COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/19/societe-generale-reiterates-7-25-price-target-for-iberdrola-ibe.html.
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.
Receive News & Ratings for Iberdrola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iberdrola and related companies with MarketBeat.com's FREE daily email newsletter.