Iberdrola SA (BME:IBE) Receives €8.53 Average Price Target from Analysts

Shares of Iberdrola SA (BME:IBE) have been assigned a consensus rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is €8.53 ($9.91).

IBE has been the subject of several recent analyst reports. UBS Group set a €7.45 ($8.66) target price on shares of Iberdrola and gave the stock a “neutral” rating in a research report on Monday, April 29th. Sanford C. Bernstein set a €8.80 ($10.23) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Thursday, May 2nd. Bank of America set a €8.45 ($9.83) target price on shares of Iberdrola and gave the stock a “neutral” rating in a research report on Monday, April 29th. Credit Suisse Group set a €8.80 ($10.23) target price on shares of Iberdrola and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Finally, HSBC set a €9.50 ($11.05) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, August 7th.

Iberdrola has a 1 year low of €5.87 ($6.83) and a 1 year high of €7.30 ($8.49).

Iberdrola Company Profile

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Analyst Recommendations for Iberdrola (BME:IBE)

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