Iberdrola SA (IBE) PT Set at €7.50 by BNP Paribas
Iberdrola SA (MCE:IBE) has been assigned a €7.50 ($8.93) price objective by stock analysts at BNP Paribas in a report released on Tuesday. The brokerage currently has a “buy” rating on the stock.
Other equities research analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.87) price objective on shares of Iberdrola SA and gave the company a “buy” rating in a research note on Thursday, July 6th. S&P Global set a €7.30 ($8.69) price target on shares of Iberdrola SA and gave the stock a “neutral” rating in a research note on Friday, July 21st. Deutsche Bank AG set a €7.80 ($9.29) price target on shares of Iberdrola SA and gave the stock a “buy” rating in a research note on Wednesday, July 12th. J P Morgan Chase & Co restated a “buy” rating on shares of Iberdrola SA in a research note on Friday, July 21st. Finally, Citigroup Inc. set a €8.00 ($9.52) price target on shares of Iberdrola SA and gave the stock a “buy” rating in a research note on Tuesday, June 13th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Iberdrola SA presently has a consensus rating of “Hold” and an average price target of €7.19 ($8.56).
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About Iberdrola SA
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.
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