RBC Capital Sticks to Their Hold Rating for Iberdrola (0HIT)
RBC Capital analyst Fernando Garcia maintained a Hold rating on Iberdrola today and set a price target of €17.00.
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According to TipRanks, Garcia is a 5-star analyst with an average return of 13.5% and a 70.86% success rate. Garcia covers the Utilities sector, focusing on stocks such as Iberdrola, Italgas S.p.A., and EDP Energias de Portugal.
Currently, the analyst consensus on Iberdrola is a Moderate Buy with an average price target of €16.97.
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 44 insiders, corporate insider sentiment is neutral on the stock.
Read More on GB:0HIT:
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- Iberdrola upgraded to Buy from Hold at Erste Group
- Iberdrola price target raised to EUR 18 from EUR 17 at Morgan Stanley
- Iberdrola downgraded to Sell from Hold at DZ Bank
- Mixed Outlook for Iberdrola: Strong Financial Performance but Limited Upside Potential Warrants Hold Rating
- Is 0HIT a Buy, Before Earnings?
