Brokerages Set Iberdrola, S.A. (OTCMKTS:IBDRY) Price Target at $13.15

Shares of Iberdrola, S.A. (OTCMKTS:IBDRYGet Rating) have received a consensus rating of “Moderate Buy” from the eight brokerages that are currently covering the company, reports. Two analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $13.15.

Separately, Barclays increased their target price on shares of Iberdrola from €14.00 ($14.29) to €14.10 ($14.39) in a report on Tuesday.

Iberdrola Trading Up 0.3 %

IBDRY opened at $40.93 on Tuesday. Iberdrola has a twelve month low of $38.28 and a twelve month high of $49.17. The company has a 50-day simple moving average of $42.48 and a 200 day simple moving average of $43.63. The company has a quick ratio of 0.82, a current ratio of 0.92 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $65.10 billion, a price-to-earnings ratio of 16.28, a P/E/G ratio of 1.85 and a beta of 0.60.

Iberdrola (OTCMKTS:IBDRYGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The utilities provider reported $0.64 earnings per share for the quarter. The firm had revenue of $13.08 billion for the quarter. Analysts predict that Iberdrola will post 2.67 EPS for the current fiscal year.

Iberdrola Increases Dividend

The business also recently announced a dividend, which was paid on Friday, August 12th. Stockholders of record on Monday, July 11th were issued a $0.8805 dividend. The ex-dividend date was Friday, July 8th. This represents a dividend yield of 5.32%. This is a boost from Iberdrola’s previous dividend of $0.02.

About Iberdrola

(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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Analyst Recommendations for Iberdrola (OTCMKTS:IBDRY)

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