Iberdrola (IBE) Given a €7.80 Price Target by Deutsche Bank Analysts
Iberdrola (BME:IBE) has been given a €7.80 ($9.29) price target by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s price target indicates a potential upside of 15.90% from the company’s previous close.
Several other equities research analysts have also recently weighed in on the company. Morgan Stanley set a €8.00 ($9.52) target price on Iberdrola and gave the company a “buy” rating in a report on Wednesday, November 8th. set a €7.30 ($8.69) target price on Iberdrola and gave the company a “buy” rating in a report on Thursday, November 9th. Royal Bank Of Canada set a €7.25 ($8.63) target price on Iberdrola and gave the company a “neutral” rating in a report on Tuesday, September 5th. Goldman Sachs Group set a €7.80 ($9.29) target price on Iberdrola and gave the company a “neutral” rating in a report on Friday, September 8th. Finally, UBS set a €6.40 ($7.62) target price on Iberdrola and gave the company a “neutral” rating in a report on Friday, September 8th. Ten analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of €7.19 ($8.56).
Iberdrola (BME IBE) opened at €6.73 ($8.01) on Wednesday. Iberdrola has a fifty-two week low of €5.60 ($6.67) and a fifty-two week high of €7.30 ($8.69).
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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