Grupo Santander Gives Buy Rating to Iberdrola SA (IBE)
Iberdrola SA (MCE: IBE)‘s stock had its “buy” rating reiterated by equities research analysts at Grupo Santander in a research note issued to investors on Friday. They currently have a $4.55 (€3) price target on the stock.
IBE has been the subject of a number of other recent research reports. Analysts at Espirito Santo Investment Bank Research reiterated a “neutral” rating on shares of Iberdrola SA in a research note to investors on Thursday. They now have a $3.76 price target on the stock. Separately, analysts at NMAS 1 Agencia de Valores reiterated a “neutral” rating on shares of Iberdrola SA in a research note to investors on Wednesday. They now have a $4.08 price target on the stock. Finally, analysts at Bankia Bolsa reiterated a “buy” rating on shares of Iberdrola SA in a research note to investors on Wednesday, October 10th. They now have a $4.64 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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