Iberdrola (IBE) Given a €6.80 Price Target by Berenberg Bank Analysts

Iberdrola (BME:IBE) received a €6.80 ($7.91) price objective from research analysts at Berenberg Bank in a research note issued to investors on Wednesday, July 18th. The brokerage presently has a “neutral” rating on the stock. Berenberg Bank’s target price points to a potential upside of 13.33% from the stock’s previous close.

Several other analysts also recently commented on the stock. Deutsche Bank set a €7.50 ($8.72) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Friday, June 22nd. HSBC set a €6.80 ($7.91) target price on shares of Iberdrola and gave the stock a “neutral” rating in a research report on Wednesday, May 23rd. Morgan Stanley set a €8.20 ($9.53) target price on shares of Iberdrola and gave the stock a “buy” rating in a research report on Wednesday, May 23rd. Credit Suisse Group set a €7.50 ($8.72) price objective on shares of Iberdrola and gave the stock a “buy” rating in a report on Friday, July 13th. Finally, UBS Group set a €6.40 ($7.44) price objective on shares of Iberdrola and gave the stock a “neutral” rating in a report on Tuesday, June 5th. Eight investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of €7.16 ($8.32).

Shares of IBE stock traded down €0.04 ($0.05) during trading hours on Wednesday, reaching €6.00 ($6.98). 36,480,000 shares of the stock traded hands, compared to its average volume of 20,610,000. Iberdrola has a 1-year low of €5.87 ($6.83) and a 1-year high of €7.30 ($8.49).

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Analyst Recommendations for Iberdrola (BME:IBE)

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