Iberdrola : H1 2020 results a shade below expectations in an atypical year
>Buy recommendation and target price of € 12.0 maintained - Despite an interim results publication a shade below our expectations, marked by negative cyclical elements (COVID-19, regulatory environment, forex), we maintain our Buy recommendation and our target price of € 12.0. This valuation is based on an average between a DCF (€ 11.9) which factors in the targets in the 2022 strategic plan, a sum-of-the-parts valuation (€ 10.7) and an approach via peer group compari...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.
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.