Iberdrola SA (MCE:IBE) Receives €6.71 Average Price Target from Brokerages
Shares of Iberdrola SA (MCE:IBE) have been given an average rating of “Buy” by the thirteen analysts that are presently covering the company. Three investment analysts have rated the stock with a hold rating and ten have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is €6.84 ($7.60).
Several equities research analysts have issued reports on the company. BNP Paribas set a €7.20 ($8.00) price objective on Iberdrola SA and gave the stock a “buy” rating in a report on Wednesday. Goldman Sachs Group Inc. set a €6.00 ($6.67) price target on Iberdrola SA and gave the company a “neutral” rating in a report on Friday, June 10th. Deutsche Bank AG set a €6.50 ($7.22) price target on Iberdrola SA and gave the company a “buy” rating in a report on Monday, June 27th. Societe Generale set a €6.75 ($7.50) price target on Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, July 12th. Finally, HSBC set a €6.70 ($7.44) price target on Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, July 12th.
Iberdrola SA Company Profile
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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