Iberdrola (IBE) PT Set at €8.00 by Morgan Stanley

Morgan Stanley set a €8.00 ($9.88) price target on Iberdrola (BME:IBE) in a research note issued to investors on Tuesday. The brokerage currently has a buy rating on the stock.

IBE has been the subject of several other research reports. Societe Generale set a €7.25 ($8.95) target price on Iberdrola and gave the stock a neutral rating in a research note on Thursday, November 2nd. Bank of America set a €7.30 ($9.01) target price on Iberdrola and gave the stock a buy rating in a research note on Wednesday, November 29th. Berenberg Bank set a €6.80 ($8.40) target price on Iberdrola and gave the stock a neutral rating in a research note on Friday, January 12th. Deutsche Bank set a €7.80 ($9.63) target price on Iberdrola and gave the stock a buy rating in a research note on Wednesday, November 8th. Finally, JPMorgan Chase & Co. set a €7.00 ($8.64) target price on Iberdrola and gave the stock a neutral rating in a research note on Tuesday, November 7th. Ten research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Iberdrola presently has a consensus rating of Hold and an average price target of €7.13 ($8.80).

Shares of Iberdrola (BME:IBE) opened at €6.05 ($7.47) on Tuesday. The stock has a market capitalization of $38,930.00 and a price-to-earnings ratio of 12.87. Iberdrola has a one year low of €5.95 ($7.35) and a one year high of €7.30 ($9.01).

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Iberdrola Company Profile

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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