Deutsche Bank set a €7.80 ($9.63) target price on Iberdrola (BME:IBE) in a report released on Wednesday. The brokerage currently has a buy rating on the stock.
Several other analysts have also weighed in on IBE. JPMorgan Chase & Co. set a €7.00 ($8.64) price objective on Iberdrola and gave the company a neutral rating in a report on Tuesday, October 3rd. Goldman Sachs Group set a €7.10 ($8.77) target price on Iberdrola and gave the company a neutral rating in a report on Tuesday, October 3rd. Credit Suisse Group set a €6.70 ($8.27) target price on Iberdrola and gave the company a neutral rating in a report on Friday, October 6th. Morgan Stanley set a €8.00 ($9.88) target price on Iberdrola and gave the company a buy rating in a report on Monday, October 16th. Finally, Societe Generale set a €7.25 ($8.95) target price on Iberdrola and gave the company a neutral rating in a report on Thursday, November 2nd. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of €7.15 ($8.83).
Shares of Iberdrola (IBE) opened at €6.40 ($7.90) on Wednesday. The firm has a market capitalization of $41,220.00 and a PE ratio of 13.62. Iberdrola has a fifty-two week low of €5.76 ($7.11) 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.
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