Berenberg Bank set a €6.70 ($7.88) price objective on Iberdrola SA (MCE:IBE) in a research note released on Friday, August 4th. The brokerage currently has a neutral rating on the stock.

Other analysts have also issued reports about the stock. Deutsche Bank AG set a €7.30 ($8.59) price target on shares of Iberdrola SA and gave the stock a buy rating in a research report on Friday, June 9th. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.76) price target on shares of Iberdrola SA and gave the stock a buy rating in a research report on Tuesday, June 6th. J P Morgan Chase & Co set a €7.00 ($8.24) price objective on shares of Iberdrola SA and gave the company a buy rating in a research report on Monday, April 24th. Citigroup Inc. set a €8.00 ($9.41) price objective on shares of Iberdrola SA and gave the company a buy rating in a research report on Tuesday, June 13th. Finally, Morgan Stanley set a €7.30 ($8.59) price objective on shares of Iberdrola SA and gave the company a buy rating in a research report on Monday, June 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of €7.17 ($8.44).

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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. The Company’s Network business segment includes all the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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