Iberdrola SA (IBE) Receives €7.17 Average PT from Brokerages

Shares of Iberdrola SA (MCE:IBE) have been assigned a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is €7.20 ($8.47).

IBE has been the subject of several research reports. Deutsche Bank AG set a €7.80 ($9.18) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research report on Wednesday, August 23rd. Berenberg Bank set a €6.70 ($7.88) target price on shares of Iberdrola SA and gave the stock a “neutral” rating in a report on Friday, August 4th. HSBC Holdings plc set a €7.30 ($8.59) price target on shares of Iberdrola SA and gave the stock a “buy” rating in a research report on Friday, August 4th. 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 report on Wednesday, August 2nd. Finally, S&P Global set a €7.30 ($8.59) price objective on shares of Iberdrola SA and gave the company a “neutral” rating in a research report on Friday, July 21st.

Iberdrola SA (MCE IBE) traded down €0.04 ($0.05) during trading on Friday, reaching €6.86 ($8.07). The company had a trading volume of 17,660,000 shares. Iberdrola SA has a twelve month low of €5.53 ($6.51) and a twelve month high of €7.30 ($8.59).

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Iberdrola SA Company Profile

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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