Iberdrola (IBE) Given a €7.40 Price Target by Goldman Sachs Group Analysts

Goldman Sachs Group set a €7.40 ($8.60) target price on Iberdrola (BME:IBE) in a report published on Wednesday morning. The firm currently has a neutral rating on the stock.

A number of other brokerages have also recently commented on IBE. Credit Suisse Group set a €7.40 ($8.60) price target on shares of Iberdrola and gave the stock a buy rating in a research note on Thursday, October 25th. Royal Bank of Canada set a €7.00 ($8.14) target price on shares of Iberdrola and gave the company a neutral rating in a research note on Wednesday, October 24th. Deutsche Bank set a €7.20 ($8.37) target price on shares of Iberdrola and gave the company a buy rating in a research note on Tuesday, October 16th. Societe Generale set a €7.50 ($8.72) target price on shares of Iberdrola and gave the company a buy rating in a research note on Monday, September 17th. Finally, Sanford C. Bernstein set a €7.60 ($8.84) target price on shares of Iberdrola and gave the company a buy rating in a research note on Tuesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus target price of €7.20 ($8.37).

Iberdrola has a one year low of €5.87 ($6.83) and a one year high of €7.30 ($8.49).

Further Reading: Asset Allocation

Analyst Recommendations for Iberdrola (BME:IBE)

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