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

A number of other research firms have also issued reports on IBE. set a €7.30 ($8.69) target price on Iberdrola and gave the company a buy rating in a report on Thursday, November 9th. JPMorgan Chase & Co. set a €7.00 ($8.33) target price on Iberdrola and gave the company a neutral rating in a report on Tuesday, October 3rd. Goldman Sachs Group set a €7.10 ($8.45) target price on Iberdrola and gave the company a neutral rating in a report on Thursday, September 14th. UBS Group set a €6.40 ($7.62) target price on Iberdrola and gave the company a neutral rating in a report on Tuesday, November 7th. Finally, BNP Paribas set a €7.50 ($8.93) target price on Iberdrola and gave the company a buy rating in a report on Tuesday, September 19th. Ten equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of €7.19 ($8.56).

Iberdrola (BME:IBE) traded up €0.06 ($0.07) during trading hours on Wednesday, hitting €6.48 ($7.71). The stock had a trading volume of 22,690,000 shares, compared to its average volume of 19,760,000. The firm has a market capitalization of $40,940.00 and a price-to-earnings ratio of 13.50. Iberdrola has a 1-year low of €5.76 ($6.86) 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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