Iberdrola (BME:IBE) received a €7.60 ($8.84) price objective from Goldman Sachs Group in a research note issued on Wednesday, July 25th. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 26.67% from the stock’s previous close.
Other equities analysts have also issued reports about the company. Morgan Stanley set a €8.20 ($9.53) price target on Iberdrola and gave the stock a “buy” rating in a research report on Tuesday, May 29th. Credit Suisse Group set a €7.50 ($8.72) target price on Iberdrola and gave the company a “buy” rating in a research report on Friday, July 13th. Deutsche Bank set a €7.50 ($8.72) target price on Iberdrola and gave the company a “buy” rating in a research report on Friday, June 22nd. Royal Bank of Canada set a €6.75 ($7.85) price target on Iberdrola and gave the company a “neutral” rating in a research report on Wednesday, July 25th. Finally, Berenberg Bank set a €6.80 ($7.91) price target on Iberdrola and gave the company a “neutral” rating in a research report on Wednesday, July 18th. Eight investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of €7.16 ($8.32).
Shares of BME:IBE traded down €0.04 ($0.05) during trading on Wednesday, 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 12-month low of €5.87 ($6.83) and a 12-month high of €7.30 ($8.49).
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