Iberdrola (IBE) Given a €7.50 Price Target at Societe Generale

Iberdrola (BME:IBE) has been given a €7.50 ($8.72) price objective by equities research analysts at Societe Generale in a research report issued to clients and investors on Monday. The brokerage currently has a “buy” rating on the stock. Societe Generale’s target price suggests a potential upside of 25.00% from the company’s previous close.

Several other brokerages also recently commented on IBE. BNP Paribas set a €7.20 ($8.37) price target on shares of Iberdrola and gave the company a “buy” rating in a report on Monday, September 10th. Deutsche Bank set a €7.20 ($8.37) price target on shares of Iberdrola and gave the company a “buy” rating in a report on Thursday, August 16th. Royal Bank of Canada set a €7.00 ($8.14) price target on shares of Iberdrola and gave the company a “neutral” rating in a report on Friday, August 3rd. JPMorgan Chase & Co. set a €7.00 ($8.14) price target on shares of Iberdrola and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Kepler Capital Markets set a €6.20 ($7.21) price target on shares of Iberdrola and gave the company a “neutral” rating in a report on Thursday, July 26th. Seven equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of €7.16 ($8.32).

IBE opened at €6.00 ($6.98) on Monday. Iberdrola has a 12 month low of €5.87 ($6.83) and a 12 month high of €7.30 ($8.49).

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Analyst Recommendations for Iberdrola (BME:IBE)

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