The price of Iberdrola seems to have accelerated and is unstoppable. In the six sessions that September accumulates, Energy prices show gains of more than 4%which places it among the most bullish companies in the EuroStoxx 50 in September, just behind (and hot on the heels of both) Sanofi and Danone (both up 4.7% over the month).
THE utilities It has accumulated seven consecutive sessions of increases, which is its longest bullish streak since last May. This Monday alone, it rose again by around 2%. With these latest advances, Iberdrola continues further raising its historical price ceiling. Its share price now exceeds 13.30 euros and its market value also exceeds 85 billion euros (a capitalization that places it among the 15 largest companies on the Old Continent).
Iberdrola’s shares, however, are moving at a faster pace than expert assessments. For the analyst consensus that includes BloombergIberdrola is currently listed without a stock exchange listing. However, they are up to five analysis banks those who see the utility the most important of the Spanish stock market above 14 euroswhich still leaves a potential of 5% or more. That same Monday, Goldman Sachs increased its price target, now seeing Iberdrola at 15 euros per share against 14.50 euros previously. With this valuation, it joins Oddo in the idea that the company’s shares will be worth 15 euros in the coming months. It is also Oddo who gives the most attractive valuation, at 15.30 euros.
In total, the company chaired by Ignacio Galán achieves an annual revaluation on the stock market of almost 13% in what would be its most bullish year since 2020. A year that will also be extraordinary at the operational level thanks to sales in Mexico, which will propel net profit to 6.6 billion euros, according to expert estimates.
