Deutsche Bank set a €7.80 ($9.29) target price on Iberdrola (BME:IBE) in a research report released on Wednesday morning. The brokerage currently has a buy rating on the stock.

IBE has been the topic of several other research reports. Credit Suisse Group set a €6.70 ($7.98) price target on shares of Iberdrola and gave the stock a neutral rating in a research note on Friday, October 6th. Societe Generale set a €7.25 ($8.63) price target on shares of Iberdrola and gave the stock a neutral rating in a research note on Thursday, November 2nd. Bank of America set a €7.30 ($8.69) target price on shares of Iberdrola and gave the company a buy rating in a research report on Wednesday, November 29th. Morgan Stanley set a €8.00 ($9.52) target price on shares of Iberdrola and gave the company a buy rating in a research report on Monday, October 16th. Finally, J P Morgan Chase & Co set a €7.00 ($8.33) target price on shares of Iberdrola and gave the company a neutral rating in a research report on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Iberdrola currently has a consensus rating of Hold and a consensus price target of €7.19 ($8.56).

Shares of Iberdrola (IBE) opened at €6.72 ($8.00) on Wednesday. Iberdrola has a 1 year low of €5.67 ($6.75) and a 1 year 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.

Analyst Recommendations for Iberdrola (BME:IBE)

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