Iberdrola SA (IBE) Given a €7.25 Price Target at Societe Generale

Societe Generale set a €7.25 ($8.53) price objective on Iberdrola SA (MCE:IBE) in a research report released on Thursday morning. The brokerage currently has a neutral rating on the stock.

IBE has been the subject of a number of other reports. Morgan Stanley set a €8.00 ($9.41) price target on Iberdrola SA and gave the company a buy rating in a report on Tuesday, July 18th. UBS Group AG (USA) set a €6.40 ($7.53) price target on Iberdrola SA and gave the company a neutral rating in a report on Thursday, July 20th. Goldman Sachs Group, Inc. (The) set a €7.80 ($9.18) price objective on Iberdrola SA and gave the company a neutral rating in a research note on Friday, September 8th. J P Morgan Chase & Co set a €7.00 ($8.24) price objective on Iberdrola SA and gave the company a buy rating in a research note on Wednesday, July 12th. Finally, Royal Bank Of Canada set a €7.25 ($8.53) price objective on Iberdrola SA and gave the company a neutral rating in a research note on Tuesday, September 5th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of €7.20 ($8.47).

Shares of Iberdrola SA (MCE:IBE) traded down €0.04 ($0.05) during trading on Thursday, hitting €6.86 ($8.07). The stock had a trading volume of 11,410,000 shares, compared to its average volume of 17,660,000. Iberdrola SA has a 1-year low of €5.53 ($6.51) and a 1-year 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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