UBS Group Reiterates “€12.00” Price Target for Iberdrola (BME:IBE)

UBS Group set a €12.00 ($14.12) price objective on Iberdrola (BME:IBE) in a research report sent to investors on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on IBE. Royal Bank of Canada set a €10.50 ($12.35) target price on shares of Iberdrola and gave the stock a neutral rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft set a €11.50 ($13.53) price objective on shares of Iberdrola and gave the company a buy rating in a research report on Friday, July 17th. Barclays set a €12.00 ($14.12) price objective on shares of Iberdrola and gave the company a buy rating in a research report on Friday, July 10th. Sanford C. Bernstein set a €12.70 ($14.94) price objective on shares of Iberdrola and gave the company a buy rating in a research report on Tuesday, October 20th. Finally, Goldman Sachs Group set a €12.50 ($14.71) price objective on shares of Iberdrola and gave the company a buy rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of €10.87 ($12.79).

Iberdrola has a 12 month low of €5.87 ($6.91) and a 12 month high of €7.30 ($8.59).

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Analyst Recommendations for Iberdrola (BME:IBE)

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