Iberdrola (IBE) Given a €7.80 Price Target at Deutsche Bank

Deutsche Bank set a €7.80 ($9.29) target price on Iberdrola (BME:IBE) in a report published on Wednesday morning. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on IBE. Goldman Sachs Group reiterated a neutral rating and issued a price target on shares of Iberdrola in a research note on Monday, November 6th. JPMorgan Chase & Co. set a €7.00 ($8.33) price objective on shares of Iberdrola and gave the company a neutral rating in a research report on Tuesday, November 7th. UBS Group set a €6.40 ($7.62) price objective on shares of Iberdrola and gave the company a neutral rating in a research report on Tuesday, November 7th. Morgan Stanley set a €8.00 ($9.52) price objective on shares of Iberdrola and gave the company a buy rating in a research report on Wednesday, November 8th. Finally, Bank of America set a €7.30 ($8.69) price objective on shares of Iberdrola and gave the company a buy rating in a research report on Wednesday, November 29th. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Iberdrola currently has an average rating of Hold and a consensus target price of €7.20 ($8.57).

Shares of Iberdrola (BME IBE) opened at €6.53 ($7.77) on Wednesday. Iberdrola has a 52 week low of €5.76 ($6.86) and a 52 week high of €7.30 ($8.69). The stock has a market cap of $41,250.00 and a price-to-earnings ratio of 14.20.

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Iberdrola 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.

Analyst Recommendations for Iberdrola (BME:IBE)

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