Iberdrola SA (BME:IBE) Receives Average Rating of “Buy” from Analysts

Iberdrola SA (BME:IBE) has earned a consensus recommendation of “Buy” from the fourteen research firms that are covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is €7.91 ($9.19).

Several brokerages have recently commented on IBE. Bank of America restated a “buy” rating and issued a $420.00 price objective (up from $400.00) on shares of Lendingtree in a research report on Monday, April 29th. Goldman Sachs Group began coverage on Colfax in a research report on Friday, April 5th. They issued a “buy” rating and a $34.00 price objective on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 220 ($2.87) price objective on shares of Barclays in a research report on Monday, April 29th. UBS Group began coverage on Molecular Templates in a research report on Monday, April 29th. They issued a “buy” rating and a $12.00 price objective on the stock. Finally, Credit Suisse Group began coverage on Merck & Co., Inc. in a research report on Thursday, July 11th. They issued a “buy” rating and a $95.00 price objective on the stock.

Iberdrola has a 1-year low of €5.87 ($6.83) and a 1-year high of €7.30 ($8.49).

About Iberdrola

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Analyst Recommendations for Iberdrola (BME:IBE)

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