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Kepler Capital Reaffirms Their Buy Rating on Iberdrola (0HIT)

Tipranks - Tipranks - Fri Jan 9, 7:44PM CST

In a report released on January 7, Jose Porta from Kepler Capital maintained a Buy rating on Iberdrola, with a price target of €17.30. The company’s shares closed last Wednesday at €19.00.

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According to TipRanks, Porta is a 4-star analyst with an average return of 7.7% and a 59.69% success rate. Porta covers the Utilities sector, focusing on stocks such as Iberdrola, EDP Energias de Portugal, and Corporacion Acciona Energias Renovables SA.

Currently, the analyst consensus on Iberdrola is a Moderate Buy with an average price target of €17.56, which is a -7.55% downside from current levels. In a report released yesterday, UBS also maintained a Buy rating on the stock with a €20.95 price target.

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0HIT market cap is currently €123.8B and has a P/E ratio of 21.73.

Based on the recent corporate insider activity of 45 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of 0HIT in relation to earlier this year.

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