Iberdrola SA’s Underperform Rating Reaffirmed at BNP Paribas (IBE)

BNP Paribas reissued their underperform rating on shares of Iberdrola SA (MCE: IBE) in a research note released on Wednesday morning, StockRatingsNetwork.com reports.

IBE has been the subject of a number of other recent research reports. Analysts at Bankia Bolsa reiterated a buy rating on shares of Iberdrola SA in a research note to investors on Wednesday, May 22nd. They now have a €4.75 ($6.17) price target on the stock. Separately, analysts at Ahorro Corporacion Financiera SA reiterated a hold rating on shares of Iberdrola SA in a research note to investors on Tuesday, May 21st. They now have a €4.58 ($5.95) price target on the stock. Finally, analysts at BPI reiterated a buy rating on shares of Iberdrola SA in a research note to investors on Monday, May 20th. They now have a €5.00 ($6.49) price target on the stock.

Six research analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of €4.36 ($5.67).

Iberdrola SA is a Spain-based company principally engaged in the energy sector. Its main activities include the provision of services related to the production, transmission and distribution of electric power and its by-products, computer and telecommunications services, services related to the treatment and distribution of water, as well as urban and gas retailing services, among others.

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