Royal Bank of Canada Boosts Iberdrola (OTCMKTS:IBDRY) Price Target to €12.75

Iberdrola (OTCMKTS:IBDRY – Get Rating) had its price target boosted by Royal Bank of Canada from €12.00 ($12.63) to €12.75 ($13.42) in a research report released on Tuesday morning, The Fly reports. The brokerage currently has an outperform rating on the utilities provider’s stock.

Several other research analysts also recently weighed in on IBDRY. Zacks Investment Research downgraded shares of Iberdrola from a hold rating to a sell rating in a research note on Tuesday, March 29th. Citigroup upped their target price on shares of Iberdrola from €12.10 ($12.74) to €12.60 ($13.26) and gave the company a buy rating in a research note on Monday, February 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Iberdrola has a consensus rating of Buy and a consensus target price of $31.26.

Iberdrola stock opened at $46.38 on Tuesday. Iberdrola has a 52-week low of $38.88 and a 52-week high of $56.51. The firm has a fifty day moving average of $44.05 and a 200-day moving average of $44.84. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.92 and a quick ratio of 0.80.

Iberdrola Company Profile (Get Rating)

Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries.

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