Iberdrola SA (BME:IBE) Given Average Rating of “Buy” by Brokerages

Shares of Iberdrola SA (BME:IBE) have been assigned an average rating of “Buy” from the twelve analysts that are covering the company, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is €8.53 ($9.91).

Several research analysts have recently commented on IBE shares. Credit Suisse Group set a €8.80 ($10.23) price target on shares of Iberdrola and gave the stock a “neutral” rating in a research note on Thursday, July 11th. Royal Bank of Canada set a €8.50 ($9.88) price target on shares of Iberdrola and gave the stock a “buy” rating in a research note on Wednesday, July 24th. UBS Group set a €7.45 ($8.66) price target on shares of Iberdrola and gave the stock a “neutral” rating in a research note on Monday, April 29th. HSBC set a €9.50 ($11.05) price target on shares of Iberdrola and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Finally, Sanford C. Bernstein set a €8.80 ($10.23) price target on shares of Iberdrola and gave the stock a “buy” rating in a research note on Thursday, May 2nd.

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

About Iberdrola

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Analyst Recommendations for Iberdrola (BME:IBE)

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