Iberdrola: Barclays likes stock - a buyer

(CercleFinance.com) - On Friday a Barclays analyst confirms his "buy" recommendation ("overweight") on the Iberdrola share, accompanied with a target price of 11.
40 euros (about 1 euro about its current price).

"The Spanish utility remains our favoured play on the decarbonisation theme and the growth attached to that process. We like Iberdrola's critical mass to confront this investment challenge and we also believe it is well positioned with its focus on relatively few markets," it says.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.