Morgan Stanley Reiterates €11.30 Price Target for Iberdrola (BME:IBE)

Iberdrola (BME:IBE) has been given a €11.30 ($13.29) price objective by research analysts at Morgan Stanley in a report released on Tuesday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock.

Other analysts have also recently issued research reports about the company. Berenberg Bank set a €9.00 ($10.59) price objective on Iberdrola and gave the company a “neutral” rating in a research report on Thursday, May 28th. Barclays set a €12.00 ($14.12) price objective on Iberdrola and gave the company a “buy” rating in a research report on Friday, July 10th. Deutsche Bank set a €11.50 ($13.53) price objective on Iberdrola and gave the company a “buy” rating in a research report on Friday, July 17th. Goldman Sachs Group set a €12.70 ($14.94) price objective on Iberdrola and gave the company a “buy” rating in a research report on Monday, August 24th. Finally, Sanford C. Bernstein set a €12.70 ($14.94) price target on Iberdrola and gave the stock a “buy” rating in a research report on Friday, July 24th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Iberdrola has an average rating of “Buy” and an average target price of €10.88 ($12.81).

Iberdrola has a 12 month low of €5.87 ($6.91) and a 12 month high of €7.30 ($8.59).

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Analyst Recommendations for Iberdrola (BME:IBE)

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