Iberdrola SA (IBE) PT Set at €7.20 by BNP Paribas
Iberdrola SA (MCE:IBE) has been assigned a €7.20 ($8.00) target price by investment analysts at BNP Paribas in a research note issued to investors on Wednesday. The brokerage currently has a a “buy” rating on the stock.
A number of other brokerages have also recently issued reports on IBE. HSBC set a €6.70 ($7.44) target price on shares of Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, July 12th. Morgan Stanley set a €7.10 ($7.89) price target on shares of Iberdrola SA and gave the company a “buy” rating in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. set a €6.00 ($6.67) price target on shares of Iberdrola SA and gave the company a “neutral” rating in a research report on Friday, June 10th. Societe Generale set a €6.75 ($7.50) price target on shares of Iberdrola SA and gave the company a “buy” rating in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating on shares of Iberdrola SA in a research report on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of €6.82 ($7.57).
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. Its Network business includes a range of energy transmission and distribution activities, and other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.
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