Report
Louis Boujard, CFA ...
  • Philippe Ourpatian

Iberdrola : A more optimistic revision of the 2018/2022 strategic plan

>Neutral recommendation and target price of €7.45 maintained - The revision of the 2018/2022 strategic plan, the original version of which was presented in February 2018, shows more optimistic elements in terms of the financials and better shareholder returns at the level of the dividend. This strategic plan once again underlines Iberdrola’s strategic foresight in the energy group segment, with smart industrial choices undertaken by the same management team that has b...
Underlying
Iberdrola SA

Iberdrola is a holding company. Through its subsidiaries, Co. operates in four segments: network business, which includes all the energy transmission and distribution activities, and other regulated activity originated in Spain, the U.K., the U.S. and Brazil; deregulated business, which includes electricity generation and sales businesses as well as gas trading and storage businesses carried on by Co. in Spain, Portugal, the U.K. and North America; renewable business, with activities related to renewable energies in Spain, the U.K., the U.S. and the rest of the world; and other businesses, including the engineering and construction businesses and the non-power businesses.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Louis Boujard, CFA

Philippe Ourpatian

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