Rating Flow: Iberdrola (BME:IBE) Gains a Vote of Confidence From Goldman Sachs Group Inc.. What to Expect?

November 30, 2016 - By Marie Mckinney

Rating Flow:  Iberdrola (BME:IBE) Gains a Vote of Confidence From Goldman Sachs Group Inc.. What to Expect?

Iberdrola (BME:IBE) Upgrade

EU-listed Iberdrola (BME:IBE), was raised by stock analysts at Goldman Sachs Group Inc.. Goldman Sachs Group Inc. raised its rating on the 36.58 billion EUR market cap company to a Buy, but maintained its target of EUR 7.25 on IBE shares.

Iberdrola SA (BME:IBE) Ratings Coverage

Out of 14 analysts covering Iberdrola (BME:IBE), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. €7.25 is the highest target while €6 is the lowest. The €6.84 average target is 18.96% above today’s (€5.75) stock price. Iberdrola has been the topic of 29 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Societe Generale on Saturday, March 5 with “Hold”. Societe Generale upgraded the stock to “Buy” rating in Wednesday, July 13 report. Goldman Sachs maintained it with “Neutral” rating and €6.50 target price in Wednesday, January 13 report. BNP Paribas upgraded Iberdrola SA (BME:IBE) rating on Thursday, September 29. BNP Paribas has “Outperform” rating and €7.20 price target. On Thursday, July 23 the stock rating was maintained by Independent Research with “Hold”. The firm has “Neutral” rating by UBS given on Thursday, January 14. The rating was upgraded by Societe Generale on Saturday, September 26 to “Buy”. The stock of Iberdrola SA (BME:IBE) has “Hold” rating given on Thursday, July 23 by Kepler Cheuvreux. The company was upgraded on Friday, July 1 by Robert W. Baird. Citigroup upgraded the stock to “Buy” rating in Thursday, May 26 report.

About 1.91M shares traded hands. Iberdrola SA (BME:IBE) has risen 6.00% since October 31, 2016 and is uptrending. It has outperformed by 0.77% the S&P500.

IBERDROLA, S.A. is engaged in carrying out electricity and gas activities in Spain and abroad. The company has a market cap of 36.58 billion EUR. The Company’s divisions include Network business, Deregulated business, Renewable business and Other businesses. It has a 14.16 P/E ratio. The Company’s 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.

Another recent and important Iberdrola SA (BME:IBE) news was published by Bloomberg.com which published an article titled: “WGL Weighs Sale After Interest From Spain’s Iberdrola” on November 29, 2016.

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