Societe Generale Reiterates €7.25 Price Target for Iberdrola (IBE)

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).

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About Iberdrola

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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