Goldman Sachs Group Analysts Give Iberdrola (IBE) a €7.10 Price Target
Iberdrola (BME:IBE) has been given a €7.10 ($8.45) target price by equities researchers at Goldman Sachs Group in a research note issued on Monday. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group’s price target would suggest a potential upside of 5.97% from the stock’s current price.
A number of other research firms have also commented on IBE. JPMorgan Chase & Co. set a €7.00 ($8.33) price objective on Iberdrola and gave the company a “neutral” rating in a research note on Tuesday, November 7th. UBS Group set a €6.40 ($7.62) price objective on Iberdrola and gave the company a “neutral” rating in a research note on Tuesday, November 7th. Deutsche Bank set a €7.80 ($9.29) target price on Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Morgan Stanley set a €8.00 ($9.52) target price on Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Finally, Bank of America set a €7.30 ($8.69) target price on Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of €7.18 ($8.55).
Shares of Iberdrola (BME:IBE) opened at €6.70 ($7.98) on Monday. The company has a market capitalization of $42,330.00 and a price-to-earnings ratio of 14.57. Iberdrola has a 52 week low of €5.76 ($6.86) and a 52 week high of €7.30 ($8.69).
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Iberdrola 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.
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