Barclays Capital Reaffirms Underweight Rating on Iberdrola SA (IBE)
Iberdrola SA (MCE: IBE)‘s stock had its “underweight” rating restated by analysts at Barclays Capital in a research report issued to clients and investors on Monday. They currently have a $5.13 (€4) price target on the stock.
A number of other firms have also recently commented on IBE. Analysts at HSBC reiterated an “overweight” rating on shares of Iberdrola SA in a research note to investors on Tuesday, November 13th. They now have a $6.58 price target on the stock. Separately, analysts at BPI reiterated a “buy” rating on shares of Iberdrola SA in a research note to investors on Wednesday, November 7th. They now have a $6.35 price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Iberdrola SA to a “buy” rating in a research note to investors on Monday, October 29th. They now have a $5.97 price target on the stock.
Iberdrola SA is a Spain-based company principally engaged in the energy sector. Its main activities include the provision of services related to the production, transmission and distribution of electric power and its by-products, computer and telecommunications services, services related to the treatment and distribution of water, as well as urban and gas retailing services, among others.
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