Iberdrola SA (MCE:IBE) has earned an average rating of “Buy” from the thirteen brokerages that are covering the firm. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is €6.84 ($7.60).
IBE has been the subject of a number of analyst reports. HSBC set a €6.70 ($7.44) price target on Iberdrola SA and gave the stock a “buy” rating in a research report on Tuesday, July 12th. Morgan Stanley set a €7.10 ($7.89) price objective on Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 7th. Goldman Sachs Group Inc. set a €6.00 ($6.67) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Friday, June 10th. Societe Generale set a €6.75 ($7.50) price objective on Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. restated a “buy” rating on shares of Iberdrola SA in a report on Thursday, July 21st.
About Iberdrola SA
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. Its Network business includes a range of energy transmission and distribution activities, and other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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