Iberdrola (BME:IBE) has been assigned a €7.10 ($8.45) target price by equities researchers at Goldman Sachs Group in a research note issued on Monday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price objective points to a potential upside of 8.40% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the stock. Morgan Stanley set a €8.00 ($9.52) target price on shares of Iberdrola and gave the stock a “buy” rating in a research note on Wednesday, November 8th. set a €7.30 ($8.69) target price on shares of Iberdrola and gave the stock a “buy” rating in a research note on Thursday, November 9th. Deutsche Bank set a €7.80 ($9.29) target price on shares of Iberdrola and gave the stock a “buy” rating in a research note on Monday, October 30th. Bank of America set a €7.30 ($8.69) target price on shares of Iberdrola and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Finally, Credit Suisse Group set a €6.70 ($7.98) target price on shares of Iberdrola and gave the stock a “neutral” rating in a research note on Friday, October 6th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of €7.21 ($8.59).

Shares of Iberdrola (BME:IBE) opened at €6.55 ($7.80) on Monday. Iberdrola has a 52 week low of €5.76 ($6.86) and a 52 week high of €7.30 ($8.69). The firm has a market cap of $41,350.00 and a P/E ratio of 14.24.

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About Iberdrola

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 (BME:IBE)

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