Iberdrola (BME:IBE) Given a €10.50 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a €10.50 ($12.35) price objective on Iberdrola (BME:IBE) in a research report report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts also recently commented on the company. Morgan Stanley set a €11.30 ($13.29) target price on Iberdrola and gave the stock a neutral rating in a report on Tuesday, September 15th. Goldman Sachs Group set a €12.70 ($14.94) price objective on shares of Iberdrola and gave the company a buy rating in a research note on Tuesday, October 13th. Barclays set a €12.00 ($14.12) price objective on shares of Iberdrola and gave the company a buy rating in a research note on Friday, July 10th. 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 note on Friday, July 17th. Finally, UBS Group set a €12.00 ($14.12) price objective on shares of Iberdrola and gave the company a buy rating in a research note on Thursday, September 3rd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of €10.87 ($12.79).

Iberdrola has a 1-year low of €5.87 ($6.91) and a 1-year high of €7.30 ($8.59).

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Analyst Recommendations for Iberdrola (BME:IBE)

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