Iberdrola SA Receives “Underperform” Rating from BNP Paribas (IBE)

Iberdrola SA (MCE: IBE)‘s stock had its “underperform” rating restated by investment analysts at BNP Paribas in a note issued to investors on Thursday, ARN reports. They currently have a €3.80 ($4.94) target price on the stock.

Several other analysts have also recently commented on the stock. 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 investment analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Iberdrola SA has a consensus rating of “Hold” and an average price target of €4.33 ($5.63).

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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