Iberdrola SA (MCE:IBE)‘s stock had its “buy” rating restated by equities researchers at Citigroup Inc. in a research report issued on Wednesday.

Several other brokerages also recently weighed in on IBE. Goldman Sachs Group Inc. set a €7.25 ($7.63) target price on Iberdrola SA and gave the company a “buy” rating in a research note on Tuesday. Deutsche Bank AG set a €6.90 ($7.26) price target on Iberdrola SA and gave the company a “buy” rating in a report on Thursday, October 27th. Morgan Stanley set a €7.10 ($7.47) price target on Iberdrola SA and gave the company a “buy” rating in a report on Thursday, October 27th. JPMorgan Chase & Co. set a €6.95 ($7.32) price target on Iberdrola SA and gave the company a “buy” rating in a report on Thursday, October 27th. Finally, HSBC set a €7.00 ($7.37) price target on Iberdrola SA and gave the company a “buy” rating in a report on Thursday, October 27th. Three investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. Iberdrola SA currently has an average rating of “Buy” and a consensus price target of €6.92 ($7.28).

Analyst Recommendations for Iberdrola SA (MCE:IBE)

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Iberdrola SA Company Profile

IBERDROLA, SA is engaged in carrying out electricity and gas activities in Spain and abroad. The Company’s segments include Network business, Deregulated business, Renewable business and Other businesses. Its Network business includes a range of energy transmission and distribution activities, and other regulated activity originated in Spain, the United Kingdom, the United States and Brazil.

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