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The latest update is out from Iberdrola ( (ES:IBE) ).
Iberdrola has completed its share buyback program, acquiring a total of 4,266,831 shares, representing 0.066% of its share capital. The company plans to execute a capital reduction by amortizing 200,561,000 shares, which will reduce its share capital by approximately 3.114%, aligning with its strategic financial management goals.
The most recent analyst rating on (ES:IBE) stock is a Buy with a EUR15.00 price target. To see the full list of analyst forecasts on Iberdrola stock, see the ES:IBE Stock Forecast page.
More about Iberdrola
Iberdrola is a leading multinational electric utility company, primarily engaged in the generation, distribution, and sale of electricity. It operates in the energy sector with a focus on renewable energy sources, aiming to provide sustainable and eco-friendly energy solutions.
Average Trading Volume: 10,162,855
Technical Sentiment Signal: Buy
Current Market Cap: €103.4B
For detailed information about IBE stock, go to TipRanks’ Stock Analysis page.