Iberdrola (BME:IBE) has been given a €6.80 ($8.10) target price by research analysts at Berenberg Bank in a report issued on Friday. The brokerage currently has a “neutral” rating on the stock. Berenberg Bank’s price target would suggest a potential upside of 4.45% from the company’s previous close.

Several other research firms have also recently issued reports on IBE. Credit Suisse Group set a €6.70 ($7.98) price target on shares of Iberdrola and gave the stock a “neutral” rating in a report on Friday, October 6th. BNP Paribas set a €7.50 ($8.93) price target on shares of Iberdrola and gave the stock a “buy” rating in a report on Tuesday, September 19th. Morgan Stanley set a €8.00 ($9.52) price target on shares of Iberdrola and gave the stock a “buy” rating in a report on Monday, October 16th. Deutsche Bank set a €7.80 ($9.29) price target on shares of Iberdrola and gave the stock a “buy” rating in a report on Wednesday. Finally, UBS Group set a €6.40 ($7.62) price target on shares of Iberdrola and gave the stock a “neutral” rating in a report on Tuesday, November 7th. Ten analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of €7.20 ($8.57).

Shares of Iberdrola (BME:IBE) opened at €6.51 ($7.75) on Friday. Iberdrola has a 12 month low of €5.76 ($6.86) and a 12 month high of €7.30 ($8.69). The firm has a market cap of $41,130.00 and a PE ratio of 14.15.

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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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