Brokerages Set Iberdrola SA (IBE) Target Price at $7.17

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Iberdrola SA (BME:IBE) has earned a consensus recommendation of “Buy” from the seventeen ratings firms that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is €7.17 ($8.34).

A number of equities research analysts recently commented on IBE shares. Deutsche Bank set a €7.50 ($8.72) price objective on Iberdrola and gave the company a “buy” rating in a report on Friday, June 22nd. Credit Suisse Group set a €7.50 ($8.72) price objective on Iberdrola and gave the company a “buy” rating in a report on Friday, July 13th. Berenberg Bank set a €6.80 ($7.91) price objective on Iberdrola and gave the company a “neutral” rating in a report on Wednesday, July 18th. Goldman Sachs Group set a €7.60 ($8.84) price objective on Iberdrola and gave the company a “buy” rating in a report on Thursday, July 19th. Finally, Royal Bank of Canada set a €6.75 ($7.85) price objective on Iberdrola and gave the company a “neutral” rating in a report on Wednesday, July 25th.

BME IBE traded down €0.04 ($0.05) on Friday, reaching €6.00 ($6.98). The company had a trading volume of 36,480,000 shares, compared to its average volume of 20,610,000. Iberdrola has a 52 week low of €5.87 ($6.83) and a 52 week high of €7.30 ($8.49).

About Iberdrola

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