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.

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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.

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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