Deutsche Bank AG Reiterates €7.80 Price Target for Iberdrola SA (IBE)

Deutsche Bank AG set a €7.80 ($8.67) target price on Iberdrola SA (MCE:IBE) in a research report released on Thursday morning. The firm currently has a buy rating on the stock.

IBE has been the topic of several other research reports. Goldman Sachs Group, Inc. (The) set a €7.20 ($8.00) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Wednesday, February 22nd. Morgan Stanley set a €7.10 ($7.89) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Wednesday, February 22nd. J P Morgan Chase & Co set a €7.00 ($7.78) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Monday, April 24th. Barclays PLC set a €7.35 ($8.17) price objective on shares of Iberdrola SA and gave the stock a neutral rating in a research note on Monday, June 12th. Finally, Macquarie set a €5.90 ($6.56) price objective on shares of Iberdrola SA and gave the stock a neutral rating in a research note on Thursday, February 23rd. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of €7.09 ($7.88).

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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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. 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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