Iberdrola SA (IBE) Received Consensus Recommendation of “Purchase” by Analysts

Iberdrola SA (IBE) Received Consensus Recommendation of “Purchase” by Analysts

Shares of Iberdrola SA (BME:IBE) have received an average rating of “Buy” from the sixteen ratings firms that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is €7.15 ($8.32).

A number of equities research analysts recently issued reports on IBE shares. Goldman Sachs Group set a €7.80 ($9.07) target price on shares of Iberdrola and gave the company a “buy” rating in a report on Tuesday, September 18th. Societe Generale set a €7.50 ($8.72) target price on shares of Iberdrola and gave the company a “buy” rating in a report on Monday, September 17th. BNP Paribas set a €7.20 ($8.37) target price on shares of Iberdrola and gave the company a “buy” rating in a report on Monday, September 10th. Royal Bank of Canada set a €7.00 ($8.14) target price on shares of Iberdrola and gave the company a “neutral” rating in a report on Friday, August 3rd. Finally, Deutsche Bank set a €7.20 ($8.37) target price on shares of Iberdrola and gave the company a “buy” rating in a report on Thursday, August 16th.

Iberdrola stock traded down €0.04 ($0.05) during trading on Thursday, reaching €6.00 ($6.98). The company had a trading volume of 36,480,000 shares, compared to its average volume of 20,610,000. Iberdrola has a 12-month low of €5.87 ($6.83) and a 12-month high of €7.30 ($8.49).

Iberdrola Company Profile

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