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Kepler Capital Sticks to Their Buy Rating for Iberdrola (0HIT)

Tipranks - Fri Feb 27, 8:36PM CST

Kepler Capital analyst Jose Porta maintained a Buy rating on Iberdrola on February 25 and set a price target of €17.30. The company’s shares closed last Wednesday at €20.35.

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Porta covers the Utilities sector, focusing on stocks such as Iberdrola, EDP Energias de Portugal, and Naturgy Energy Group, S.A.. According to TipRanks, Porta has an average return of 7.8% and a 59.39% success rate on recommended stocks.

Iberdrola has an analyst consensus of Hold, with a price target consensus of €18.57.

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 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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