UBS set a €6.40 ($7.90) price target on Iberdrola (BME:IBE) in a report issued on Thursday, March 15th, www.boersen-zeitung.de reports. The firm currently has a neutral rating on the stock.
Several other equities analysts also recently commented on the stock. Morgan Stanley set a €8.00 ($9.88) price target on shares of Iberdrola and gave the company a buy rating in a report on Tuesday, February 13th. Societe Generale set a €7.25 ($8.95) price target on shares of Iberdrola and gave the company a buy rating in a report on Tuesday, January 16th. Deutsche Bank reiterated a buy rating and set a price target on shares of Iberdrola in a report on Friday, February 23rd. Goldman Sachs set a €7.10 ($8.77) price target on shares of Iberdrola and gave the company a neutral rating in a report on Wednesday, February 21st. Finally, Citigroup set a €7.50 ($9.26) price target on shares of Iberdrola and gave the company a buy rating in a report on Monday, January 15th. Eleven analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of €7.09 ($8.75).
BME:IBE traded down €0.04 ($0.05) during mid-day trading on Thursday, hitting €6.00 ($7.41). 36,480,000 shares of the stock traded hands, compared to its average volume of 20,610,000. Iberdrola has a 52 week low of €5.87 ($7.25) and a 52 week high of €7.30 ($9.01).
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