Morgan Stanley Reiterates €13.00 Price Target for Iberdrola (BME:IBE)

Iberdrola (BME:IBE) has been assigned a €13.00 ($15.29) price target by investment analysts at Morgan Stanley in a research note issued on Monday, Borsen Zeitung reports.

Several other equities research analysts have also recently issued reports on IBE. Barclays set a €14.10 ($16.59) price objective on shares of Iberdrola in a research report on Thursday, September 16th. Deutsche Bank Aktiengesellschaft set a €11.40 ($13.41) target price on shares of Iberdrola and gave the stock a “neutral” rating in a research note on Tuesday, June 22nd. Jefferies Financial Group set a €13.00 ($15.29) target price on shares of Iberdrola in a research note on Wednesday, September 15th. Royal Bank of Canada set a €10.00 ($11.76) price objective on shares of Iberdrola in a research note on Wednesday, July 21st. Finally, The Goldman Sachs Group set a €13.00 ($15.29) price objective on shares of Iberdrola in a research note on Wednesday, September 15th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of €12.27 ($14.43).

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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