Iberdrola SA (MCE:IBE) Receives €6.50 Consensus Target Price from Analysts

Iberdrola SA (MCE:IBE) has been given an average recommendation of “Hold” by the six analysts that are presently covering the company, Analyst Ratings Net reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is €6.50 ($7.14).

IBE has been the subject of several research analyst reports. Goldman Sachs set a €7.10 ($7.80) price objective on Iberdrola SA and gave the company a “buy” rating in a report on Tuesday, October 27th. Societe Generale set a €6.70 ($7.36) price objective on Iberdrola SA and gave the company a “buy” rating in a report on Friday, September 25th. HSBC set a €6.80 ($7.47) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Thursday, December 3rd. Independent Research GmbH set a €7.00 ($7.69) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Thursday, October 22nd. Finally, Kepler Capital Markets set a €6.50 ($7.14) price objective on Iberdrola SA and gave the company a “neutral” rating in a report on Thursday, October 22nd.

Iberdrola SA is a Spain-based company principally engaged in the energy sector. Its business is structured in four segments: Network Business, including the energy transmission and distribution activities, and any other regulated activity originated in Spain, the United Kingdom, the United States and Brazil; Deregulated Business, including electricity generation and sales businesses as well as gas trading and storage businesses carried on by the Group in Spain, Portugal, the United Kingdom and North America; Renewable: activities relating to renewable energies in Spain, the United Kingdom, the United States and the rest of the world; Other Businesses, comprising the engineering and construction businesses and the non-power businesses; and Corporation which includes the costs of the Group’s structure (MCE:IBE), and of the administration services. On June 26, 2014, the Company sold shareholding interest of Iberdrola in NNB Development Company SA to Advance Energy UK Limited.

 

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