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J.P. Morgan Reaffirms Their Hold Rating on Iberdrola (0HIT)

Tipranks - Tipranks - Wed Apr 22, 9:30AM CDT

J.P. Morgan analyst Javier Garrido maintained a Hold rating on Iberdrola today and set a price target of €18.00.

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According to TipRanks, Garrido is ranked #500 out of 12162 analysts.

Currently, the analyst consensus on Iberdrola is a Hold with an average price target of €18.36.

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Based on Iberdrola’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €9.88 billion and a net profit of €1.56 billion. In comparison, last year the company earned a revenue of €9.96 billion and had a net profit of €1.37 billion

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of 0HIT in relation to earlier this year.

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