RBC Capital analyst Fernando Garcia downgraded Iberdrola (0HIT – Research Report) to a Hold today and set a price target of €14.00. The company’s shares closed last Friday at €13.49.
According to TipRanks, Garcia is ranked #987 out of 9212 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Iberdrola with a €13.81 average price target.
Based on Iberdrola’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €16.05 billion and a net profit of €1.24 billion. In comparison, last year the company earned a revenue of €11.11 billion and had a net profit of €1.48 billion
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is neutral on the stock.
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Iberdrola (0HIT) Company Description:
Iberdrola is one of the largest utilities in the world with electric utility operations in nearly 40 countries. The company has a 53-gigawatt portfolio of hydro, wind, natural gas, coal and nuclear power plants. It is the largest owner of wind farms in the world, representing one third of its portfolio. Although the company has recently developed or acquired distribution and power generation assets in other geographic areas, Spain is still home to around 50% of its power generation capacity.
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