J P Morgan Chase & Co Analysts Give Iberdrola SA (IBE) a €7.00 Price Target
Iberdrola SA (MCE:IBE) has been given a €7.00 ($8.24) target price by J P Morgan Chase & Co in a report issued on Tuesday. The firm presently has a “neutral” rating on the stock.
IBE has been the topic of several other research reports. Barclays PLC set a €7.00 ($8.24) price target on shares of Iberdrola SA and gave the company a “neutral” rating in a report on Wednesday, August 2nd. Societe Generale set a €6.85 ($8.06) price objective on Iberdrola SA and gave the stock a “neutral” rating in a research report on Friday, July 21st. Berenberg Bank set a €6.70 ($7.88) price objective on Iberdrola SA and gave the stock a “neutral” rating in a research report on Friday, August 4th. Deutsche Bank AG set a €7.80 ($9.18) target price on shares of Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 6th. Finally, Goldman Sachs Group, Inc. (The) set a €7.45 ($8.76) target price on shares of Iberdrola SA and gave the company a “buy” rating in a report on Thursday, July 6th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of €7.19 ($8.46).
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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.
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