Iberdrola (BME:IBE) Given a €7.40 Price Target at Credit Suisse Group

Iberdrola (BME:IBE) has been given a €7.40 ($8.60) target price by Credit Suisse Group in a research note issued on Thursday, October 25th. The firm currently has a “buy” rating on the stock. Credit Suisse Group’s price objective indicates a potential upside of 23.33% from the stock’s previous close.

A number of other analysts also recently commented on IBE. Kepler Capital Markets set a €6.20 ($7.21) price objective on Iberdrola and gave the stock a “neutral” rating in a report on Thursday, July 26th. Goldman Sachs Group set a €7.80 ($9.07) price objective on Iberdrola and gave the stock a “buy” rating in a report on Monday, September 24th. Royal Bank of Canada set a €7.00 ($8.14) price target on Iberdrola and gave the company a “neutral” rating in a report on Wednesday, October 24th. JPMorgan Chase & Co. set a €7.00 ($8.14) price target on Iberdrola and gave the company a “neutral” rating in a report on Friday, July 27th. Finally, Deutsche Bank set a €7.50 ($8.72) price target on Iberdrola and gave the company a “buy” rating in a report on Thursday, July 19th. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of €7.15 ($8.32).

Shares of IBE stock traded down €0.04 ($0.05) on Thursday, reaching €6.00 ($6.98). 36,480,000 shares of the stock were exchanged, 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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