Deutsche Bank set a €9.30 ($10.81) price objective on Iberdrola (BME:IBE) in a research report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other brokerages also recently weighed in on IBE. Berenberg Bank reaffirmed a buy rating and set a GBX 220 ($2.87) price objective on shares of Barclays in a research report on Monday, April 29th. Credit Suisse Group started coverage on shares of Merck & Co., Inc. in a research report on Thursday, July 11th. They issued a buy rating and a $95.00 target price for the company. UBS Group started coverage on shares of Molecular Templates in a research report on Monday, April 29th. They issued a buy rating and a $12.00 target price for the company. Sanford C. Bernstein upgraded shares of Walmart from a market perform rating to an outperform rating and set a $101.80 target price for the company in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada restated a sell rating and issued a $7.50 target price on shares of Deutsche Bank in a research report on Thursday, April 25th. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Buy and an average price target of €8.02 ($9.33).
Iberdrola has a 1 year low of €5.87 ($6.83) and a 1 year high of €7.30 ($8.49).
See Also: Diluted Earnings Per Share
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