Iberdrola (BME:IBE) has been assigned a €8.00 ($9.88) target price by investment analysts at Morgan Stanley in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 33.33% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Societe Generale set a €6.90 ($8.52) target price on shares of Iberdrola and gave the company a “neutral” rating in a research note on Monday, February 5th. Deutsche Bank set a €7.80 ($9.63) target price on shares of Iberdrola and gave the company a “buy” rating in a research note on Wednesday, January 31st. Royal Bank of Canada set a €6.75 ($8.33) target price on shares of Iberdrola and gave the company a “neutral” rating in a research note on Wednesday, January 24th. UBS Group set a €6.40 ($7.90) target price on shares of Iberdrola and gave the company a “neutral” rating in a research note on Monday, January 22nd. Finally, Citigroup set a €7.50 ($9.26) price target on shares of Iberdrola and gave the stock a “buy” rating in a research note on Monday, January 15th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of €7.13 ($8.80).
Iberdrola (BME IBE) traded down €0.09 ($0.11) during midday trading on Tuesday, hitting €6.00 ($7.41). 4,280,000 shares of the company traded hands, compared to its average volume of 21,740,000. Iberdrola has a twelve month low of €5.95 ($7.35) and a twelve month high of €7.30 ($9.01). The company has a market capitalization of $38,630.00 and a PE ratio of 12.77.
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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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