Iberdrola SA (IBE) PT Set at €8.00 by Morgan Stanley
Iberdrola SA (MCE:IBE) has been given a €8.00 ($9.41) price objective by stock analysts at Morgan Stanley in a research note issued on Monday. The firm presently has a “buy” rating on the stock.
Several other research analysts have also commented on IBE. Deutsche Bank AG set a €7.80 ($9.18) price objective on shares of Iberdrola SA and gave the stock a “buy” rating in a report on Wednesday, October 11th. Barclays PLC set a €7.00 ($8.24) price target on shares of Iberdrola SA and gave the stock a “neutral” rating in a research note on Wednesday, August 2nd. J P Morgan Chase & Co set a €7.00 ($8.24) price target on shares of Iberdrola SA and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. Credit Suisse Group set a €6.70 ($7.88) price target on shares of Iberdrola SA and gave the stock a “neutral” rating in a research note on Friday, October 6th. Finally, Goldman Sachs Group, Inc. (The) set a €7.10 ($8.35) price target on shares of Iberdrola SA and gave the stock a “neutral” rating in a research note on Tuesday, October 3rd. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of €7.17 ($8.44).
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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. 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.
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