Berenberg Bank set a €6.70 ($7.88) price objective on Iberdrola SA (MCE:IBE) in a research note released on Friday morning. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on IBE. Deutsche Bank AG set a €7.30 ($8.59) price target on shares of Iberdrola SA and gave the stock a buy rating in a report on Friday, April 7th. J P Morgan Chase & Co set a €7.00 ($8.24) price target on shares of Iberdrola SA and gave the stock a buy rating in a report on Monday, April 24th. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.76) price target on shares of Iberdrola SA and gave the stock a buy rating in a report on Thursday, April 27th. Barclays PLC set a €7.35 ($8.65) price target on shares of Iberdrola SA and gave the stock a neutral rating in a report on Monday, June 12th. Finally, Morgan Stanley set a €7.30 ($8.59) target price on shares of Iberdrola SA and gave the company a buy rating in a research note on Monday, June 12th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company has an average rating of Hold and a consensus price target of €7.17 ($8.44).

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Iberdrola SA 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 SA (MCE:IBE)

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