Iberdrola SA (MCE:IBE) has been given a €7.20 ($8.00) price target by Goldman Sachs Group Inc. in a report issued on Monday. The firm currently has a a “buy” rating on the stock.

Several other analysts have also recently commented on the stock. BNP Paribas set a €7.20 ($8.00) price target on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Wednesday, September 28th. Morgan Stanley set a €7.10 ($7.89) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Wednesday, September 7th. Independent Research GmbH set a €6.70 ($7.44) price objective on shares of Iberdrola SA and gave the company a “neutral” rating in a research note on Thursday, July 21st. Credit Suisse Group AG set a €6.90 ($7.67) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Thursday, July 21st. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Iberdrola SA in a research note on Thursday, July 21st. Three equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of €6.82 ($7.57).

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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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