Iberdrola SA (IBE) Given a €6.70 Price Target at Macquarie

Macquarie set a €6.70 ($7.44) price target on Iberdrola SA (MCE:IBE) in a research note issued to investors on Monday. The firm currently has a neutral rating on the stock.

Several other research firms have also commented on IBE. HSBC Holdings plc 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, March 8th. Deutsche Bank AG set a €7.30 ($8.11) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Wednesday, March 8th. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.28) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Tuesday, June 6th. Morgan Stanley set a €7.30 ($8.11) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Tuesday, March 21st. Finally, Citigroup Inc. set a €8.00 ($8.89) price objective on shares of Iberdrola SA and gave the stock a buy rating in a research note on Tuesday, June 13th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Iberdrola SA presently has a consensus rating of Buy and a consensus target price 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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