Iberdrola SA (IBE) PT Set at €6.70 by Credit Suisse Group

Iberdrola SA (MCE:IBE) has been assigned a €6.70 ($7.88) target price by stock analysts at Credit Suisse Group in a report issued on Friday. The firm currently has a “neutral” rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Goldman Sachs Group, Inc. (The) set a €7.10 ($8.35) target price on shares of Iberdrola SA and gave the company a “neutral” rating in a report on Tuesday, October 3rd. J P Morgan Chase & Co set a €7.00 ($8.24) target price on shares of Iberdrola SA and gave the company a “neutral” rating in a report on Tuesday, October 3rd. BNP Paribas set a €7.50 ($8.82) target price on shares of Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, September 19th. UBS AG set a €6.40 ($7.53) target price on shares of Iberdrola SA and gave the company a “neutral” rating in a report on Friday, September 8th. Finally, Deutsche Bank AG set a €7.80 ($9.18) target price on shares of Iberdrola SA and gave the company a “buy” rating in a report on Wednesday, September 6th. Ten equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of €7.17 ($8.44).

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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.

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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