Iberdrola (IBE) Given a €7.80 Price Target at Deutsche Bank

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

Other equities analysts have also recently issued research reports about the stock. BNP Paribas set a €7.50 ($8.93) price target on shares of Iberdrola and gave the stock a buy rating in a research 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 research report on Monday, October 16th. set a €7.30 ($8.69) price target on shares of Iberdrola and gave the stock a buy rating in a research report on Thursday, November 9th. Bank of America set a €7.30 ($8.69) price target on shares of Iberdrola and gave the stock a buy rating in a research report on Wednesday, November 29th. Finally, J P Morgan Chase & Co set a €7.00 ($8.33) target price 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 issued a buy rating to the company. Iberdrola has a consensus rating of Hold and an average target price of €7.19 ($8.56).

Shares of Iberdrola (IBE) remained flat at $€6.71 ($7.99) during trading hours on Wednesday. The company had a trading volume of 1,960,000 shares, compared to its average volume of 18,340,000. Iberdrola has a 12-month low of €5.60 ($6.67) and a 12-month high of €7.30 ($8.69).

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About Iberdrola

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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