Iberdrola: Jefferies upgrades stock
(CercleFinance.com) - Jefferies has upgraded Iberdrola shares from 'hold' to 'buy', with a target price raised by 17% to E15, as the Spanish energy group's stock is one of its favourite European utilities stocks for 2025.
It considers a valuation premium for Iberdrola to be justified, pointing to average annual growth of around 8% in earnings and dividends over 2014-24, while expecting EPS to rise by 6% in 2025, around 5% above consensus.
Above all, Jefferies sees good visibility on growth drivers thanks to its capital allocation focused on networks, and points to credible optionality as a card for the data center theme in Europe.
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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.
It considers a valuation premium for Iberdrola to be justified, pointing to average annual growth of around 8% in earnings and dividends over 2014-24, while expecting EPS to rise by 6% in 2025, around 5% above consensus.
Above all, Jefferies sees good visibility on growth drivers thanks to its capital allocation focused on networks, and points to credible optionality as a card for the data center theme in Europe.
Copyright (c) 2025 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.