Deutsche Bank set a €7.20 ($8.37) price target on Iberdrola (BME:IBE) in a research report sent to investors on Tuesday. The brokerage currently has a buy rating on the stock.

Several other research analysts have also recently weighed in on the company. JPMorgan Chase & Co. set a €7.00 ($8.14) price objective on Iberdrola and gave the stock a neutral rating in a research report on Friday, July 27th. Kepler Capital Markets set a €6.20 ($7.21) price objective on Iberdrola and gave the stock a neutral rating in a research report on Thursday, July 26th. Royal Bank of Canada set a €6.75 ($7.85) price objective on Iberdrola and gave the stock a neutral rating in a research report on Wednesday, July 25th. Goldman Sachs Group set a €7.80 ($9.07) price objective on Iberdrola and gave the stock a buy rating in a research report on Monday, September 24th. Finally, Berenberg Bank set a €6.80 ($7.91) price objective on Iberdrola and gave the stock a neutral rating in a research report on Wednesday, July 18th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Iberdrola presently has a consensus rating of Buy and an average price target of €7.17 ($8.34).

Shares of BME:IBE opened at €6.00 ($6.98) on Tuesday. Iberdrola has a 12-month low of €5.87 ($6.83) and a 12-month high of €7.30 ($8.49).

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Analyst Recommendations for Iberdrola (BME:IBE)

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