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

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

In a report released on June 25, Jose Porta from Kepler Capital maintained a Buy rating on Iberdrola (0HIT – Research Report), with a price target of €15.00. The company's shares closed last Wednesday at €16.39.
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Porta covers the Utilities sector, focusing on stocks such as Iberdrola, Red Electrica Corporacion, and EDP Energias de Portugal. According to TipRanks, Porta has an average return of 7.2% and a 59.28% success rate on recommended stocks.
In addition to Kepler Capital , Iberdrola also received a Buy from UBS's Gonzalo Sanchez Bordona in a report issued on June 17. However, on June 16, Bernstein maintained a Hold rating on Iberdrola (LSE: 0HIT).
Based on Iberdrola's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of €9.96 billion and a net profit of €1.37 billion. In comparison, last year the company earned a revenue of €10.8 billion and had a net profit of €1.04 billion
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.
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