Iberdrola SA (IBE) Given a €8.00 Price Target at Morgan Stanley

Morgan Stanley set a €8.00 ($9.30) price objective on Iberdrola SA (MCE:IBE) in a research note released on Wednesday morning. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. J P Morgan Chase & Co reaffirmed a buy rating on shares of Iberdrola SA in a report on Friday, July 21st. Deutsche Bank AG set a €7.80 ($9.07) price target on shares of Iberdrola SA and gave the company a buy rating in a report on Wednesday, July 12th. HSBC Holdings plc set a €7.30 ($8.49) price target on shares of Iberdrola SA and gave the company a buy rating in a report on Friday, August 4th. BNP Paribas set a €7.50 ($8.72) price target on shares of Iberdrola SA and gave the company a buy rating in a report on Tuesday, September 19th. Finally, Royal Bank Of Canada set a €7.25 ($8.43) price target on shares of Iberdrola SA and gave the company a neutral rating in a report on Tuesday, September 5th. Ten analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of €7.19 ($8.36).

Shares of Iberdrola SA (IBE) traded down €0.07 ($0.08) during trading hours on Wednesday, reaching €6.60 ($7.67). 16,000,000 shares of the company’s stock traded hands, compared to its average volume of 18,480,000. Iberdrola SA has a twelve month low of €5.53 ($6.43) and a twelve month high of €7.30 ($8.49).

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About Iberdrola SA

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 SA (MCE:IBE)

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