Iberdrola SA (BME:IBE) received a €7.25 ($8.53) price target from equities research analysts at Societe Generale in a note issued to investors on Thursday, November 2nd. The brokerage presently has a “neutral” rating on the stock. Societe Generale’s price target points to a potential upside of 12.40% from the stock’s current price.
Several other equities research analysts also recently issued reports on IBE. Morgan Stanley set a €8.00 ($9.41) price objective on Iberdrola SA and gave the stock a “buy” rating in a report on Tuesday, July 18th. Deutsche Bank AG set a €7.80 ($9.18) price objective on Iberdrola SA and gave the stock a “buy” rating in a report on Wednesday, July 12th. Goldman Sachs Group, Inc. (The) set a €7.45 ($8.76) price objective on Iberdrola SA and gave the stock a “buy” rating in a report on Thursday, July 6th. Royal Bank Of Canada set a €7.25 ($8.53) price objective on Iberdrola SA and gave the stock a “neutral” rating in a report on Tuesday, September 5th. Finally, S&P Global set a €7.30 ($8.59) price objective on Iberdrola SA and gave the stock a “neutral” rating in a report on Friday, July 21st. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Iberdrola SA presently has a consensus rating of “Hold” and a consensus target price of €7.19 ($8.45).
Shares of Iberdrola SA (IBE) traded down €0.01 ($0.01) during midday trading on Thursday, hitting €6.45 ($7.59). The company had a trading volume of 12,650,000 shares, compared to its average volume of 16,860,000. Iberdrola SA has a 52-week low of €5.53 ($6.51) and a 52-week high of €7.30 ($8.59).
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About Iberdrola SA
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.
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