Iberdrola SA (MCE:IBE) Receives Average Rating of “Hold” from Brokerages
Iberdrola SA (MCE:IBE) has been assigned a consensus rating of “Hold” from the fifteen ratings firms that are covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is €7.18 ($8.45).
A number of research analysts have issued reports on the company. Barclays PLC set a €7.00 ($8.24) price objective on Iberdrola SA and gave the company a “neutral” rating in a research note on Wednesday, August 2nd. Societe Generale set a €6.85 ($8.06) price objective on Iberdrola SA and gave the company a “neutral” rating in a research note on Friday, July 21st. Berenberg Bank set a €6.70 ($7.88) price objective on Iberdrola SA and gave the company a “neutral” rating in a research note on Friday, August 4th. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating on shares of Iberdrola SA in a research note on Wednesday, May 3rd. Finally, J P Morgan Chase & Co set a €7.00 ($8.24) price objective on Iberdrola SA and gave the company a “buy” rating in a research note on Monday, April 24th.
COPYRIGHT VIOLATION NOTICE: “Iberdrola SA (MCE:IBE) Receives Average Rating of “Hold” from Brokerages” was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was illegally copied and republished in violation of US & international trademark and copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/iberdrola-sa-mceibe-receives-average-rating-of-hold-from-brokerages/1489509.html.
Iberdrola SA 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.
Receive News & Ratings for Iberdrola SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Iberdrola SA and related companies with Analyst Ratings Network's FREE daily email newsletter.