Analysts Set Iberdrola SA (BME:IBE) Target Price at €8.91

Iberdrola SA (BME:IBE) has earned an average recommendation of “Buy” from the eleven analysts that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is €8.91 ($10.35).

IBE has been the topic of a number of analyst reports. Barclays set a €8.80 ($10.23) target price on shares of Iberdrola and gave the company a “neutral” rating in a report on Friday, September 27th. Goldman Sachs Group restated a “buy” rating on shares of Iberdrola in a research report on Monday, September 23rd. Royal Bank of Canada set a €8.50 ($9.88) price target on shares of Iberdrola and gave the company a “buy” rating in a research report on Wednesday, July 24th. Deutsche Bank set a €9.30 ($10.81) price target on shares of Iberdrola and gave the company a “buy” rating in a research report on Tuesday, July 23rd. Finally, HSBC set a €9.50 ($11.05) price target on shares of Iberdrola and gave the company a “buy” rating in a research report on Wednesday, August 7th.

Iberdrola has a 1-year low of €5.87 ($6.83) and a 1-year high of €7.30 ($8.49).

Iberdrola Company Profile

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Analyst Recommendations for Iberdrola (BME:IBE)

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