Morgan Stanley Reiterates “€11.00” Price Target for Iberdrola (BME:IBE)

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Iberdrola (BME:IBE) has been assigned a €11.00 ($12.79) target price by research analysts at Morgan Stanley in a report released on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock.

IBE has been the topic of several other reports. Societe Generale set a €10.90 ($12.67) price objective on shares of Iberdrola and gave the stock a “buy” rating in a report on Tuesday, January 28th. Sanford C. Bernstein set a €10.20 ($11.86) price objective on shares of Iberdrola and gave the stock a “buy” rating in a report on Wednesday, January 15th. Barclays set a €11.00 ($12.79) price objective on shares of Iberdrola and gave the stock a “buy” rating in a report on Monday, February 3rd. Royal Bank of Canada set a €9.80 ($11.40) price objective on shares of Iberdrola and gave the stock a “neutral” rating in a report on Wednesday, October 30th. Finally, Kepler Capital Markets set a €8.50 ($9.88) price objective on shares of Iberdrola and gave the stock a “neutral” rating in a report on Thursday, January 9th. Nine investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of €9.75 ($11.33).

Iberdrola has a fifty-two week low of €5.87 ($6.83) and a fifty-two week high of €7.30 ($8.49).

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Analyst Recommendations for Iberdrola (BME:IBE)

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