Iberdrola SA (IBE) Received €7.15 Consensus Target Price from Analysts

Iberdrola SA (IBE) Received €7.15 Consensus Target Price from Analysts

Iberdrola SA (BME:IBE) has been given a consensus recommendation of “Buy” by the fifteen analysts that are currently covering the firm, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is €7.15 ($8.31).

IBE has been the topic of a number of recent research reports. Goldman Sachs Group set a €7.80 ($9.07) price target on Iberdrola and gave the stock a “buy” rating in a research report on Thursday, October 18th. Deutsche Bank set a €7.20 ($8.37) price target on Iberdrola and gave the stock a “buy” rating in a research report on Tuesday, October 16th. Societe Generale set a €7.50 ($8.72) price target on Iberdrola and gave the stock a “buy” rating in a research report on Monday, September 17th. BNP Paribas set a €7.20 ($8.37) price target on Iberdrola and gave the stock a “buy” rating in a research report on Monday, September 10th. Finally, Royal Bank of Canada set a €7.50 ($8.72) price target on Iberdrola and gave the stock a “buy” rating in a research report on Monday, November 26th.

Iberdrola has a 12-month low of €5.87 ($6.83) and a 12-month high of €7.30 ($8.49).

About Iberdrola

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