Iberdrola SA (IBE) Receives Consensus Rating of “Buy” from Brokerages

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Shares of Iberdrola SA (BME:IBE) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is €7.15 ($8.31).

A number of brokerages recently weighed in on IBE. UBS Group set a €6.40 ($7.44) price objective on shares of Iberdrola and gave the stock a “neutral” rating in a report on Friday, November 30th. Goldman Sachs Group set a €7.40 ($8.60) price objective on shares of Iberdrola and gave the stock a “neutral” rating in a report on Friday, November 30th. Credit Suisse Group set a €7.40 ($8.60) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Thursday, October 25th. Royal Bank of Canada set a €7.50 ($8.72) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Monday, November 26th. Finally, Deutsche Bank set a €7.20 ($8.37) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Tuesday, October 16th.

Iberdrola has a 1-year low of €5.87 ($6.83) and a 1-year high of €7.30 ($8.49).

About Iberdrola

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Analyst Recommendations for Iberdrola (BME:IBE)

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