Iberdrola (IBE) PT Set at €8.50 by Berenberg Bank

Iberdrola (BME:IBE) has been given a €8.50 ($9.88) price objective by equities researchers at Berenberg Bank in a research note issued on Monday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock.

Several other brokerages have also recently weighed in on IBE. Goldman Sachs Group set a €7.80 ($9.07) target price on Iberdrola and gave the company a “neutral” rating in a report on Tuesday, February 26th. Royal Bank of Canada set a €7.50 ($8.72) target price on Iberdrola and gave the company a “buy” rating in a report on Tuesday, February 26th. UBS Group set a €6.80 ($7.91) target price on Iberdrola and gave the company a “neutral” rating in a report on Wednesday, February 20th. Deutsche Bank set a €7.60 ($8.84) target price on Iberdrola and gave the company a “buy” rating in a report on Wednesday, February 20th. Finally, Sanford C. Bernstein set a €7.70 ($8.95) target price on Iberdrola and gave the company a “buy” rating in a report on Tuesday, February 19th. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of €7.73 ($8.99).

Iberdrola has a fifty-two week low of €5.87 ($6.83) and a fifty-two week high of €7.30 ($8.49).

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Analyst Recommendations for Iberdrola (BME:IBE)

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