Iberdrola SA (BME:IBE) has been given an average rating of “Buy” by the fifteen research firms that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is €7.15 ($8.31).

IBE has been the subject of several research analyst reports. Goldman Sachs Group set a €7.80 ($9.07) price objective on Iberdrola and gave the stock a “buy” rating in a research note on Tuesday, September 18th. Societe Generale set a €7.50 ($8.72) price objective on Iberdrola and gave the stock a “buy” rating in a research note on Monday, September 17th. BNP Paribas set a €7.20 ($8.37) price objective on Iberdrola and gave the stock a “buy” rating in a research note on Monday, September 10th. Deutsche Bank set a €7.20 ($8.37) price objective on Iberdrola and gave the stock a “buy” rating in a research note on Thursday, August 16th. Finally, Royal Bank of Canada set a €7.00 ($8.14) price objective on Iberdrola and gave the stock a “neutral” rating in a research note on Wednesday, October 24th.

Iberdrola has a 12 month low of €5.87 ($6.83) and a 12 month high of €7.30 ($8.49).

About Iberdrola

See Also: Trading Penny Stocks

Analyst Recommendations for Iberdrola (BME:IBE)

Receive News & Ratings for Iberdrola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iberdrola and related companies with MarketBeat.com's FREE daily email newsletter.