Iberdrola (IBE) PT Set at €7.80 by Deutsche Bank

Iberdrola (BME:IBE) has been assigned a €7.80 ($9.29) target price by Deutsche Bank in a report released on Wednesday. The brokerage currently has a “buy” rating on the stock. Deutsche Bank’s price objective points to a potential upside of 19.27% from the company’s current price.

Several other equities research analysts have also recently issued reports on the stock. 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. set a €7.30 ($8.69) price objective on shares of Iberdrola and gave the company a “buy” rating in a research report on Thursday, November 9th. 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. Goldman Sachs Group set a €7.10 ($8.45) price objective on shares of Iberdrola and gave the company a “neutral” rating in a research report on Thursday, September 14th. Finally, Credit Suisse Group set a €6.70 ($7.98) price objective on shares of Iberdrola and gave the company a “neutral” rating in a research report on Friday, October 6th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of €7.19 ($8.56).

Iberdrola (BME:IBE) traded down €0.07 ($0.08) during trading on Wednesday, reaching €6.54 ($7.79). 7,450,000 shares of the company’s stock traded hands, compared to its average volume of 19,740,000. The stock has a market cap of $41,290.00 and a PE ratio of 13.63. Iberdrola has a 12 month low of €5.76 ($6.86) and a 12 month high of €7.30 ($8.69).

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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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