Jefferies lifts target for Iberdrola stock from EUR 19.20 to EUR 20.70

Published on 10/19/2026 at 09:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit reached EUR 4.33 billion. Iberdrola stock costs EUR 21.51 on October 19, 2026, below the EUR 21.69 Xetra close.

Analyst revision and company scale

Jefferies raised its Iberdrola target from EUR 19.20 to EUR 20.70 on October 14, 2026.
Iberdrola reported EUR 4.33 billion in net profit for the first half of 2026.
Iberdrola stock traded at EUR 21.51 at 9:34 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.83 percent below the Xetra close of October 16, 2026.

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Iberdrola stock traded at EUR 21.51 at Lang & Schwarz on October 19, 2026, at 9:34 a.m. CEST, while Jefferies raised its target from EUR 19.20 to EUR 20.70 on October 14, 2026, according to Investing.com. The target revision came before Iberdrola reports its first nine months of 2026.

Jefferies sees limited upside

Jefferies kept a Hold rating while lifting the target to EUR 20.70 from EUR 19.20. Against the Lang & Schwarz price, that target is 3.77 percent below the current euro quotation, a concrete counterweight to the higher valuation.

The analyst expects adjusted EBITDA of EUR 3.70 billion in the third quarter of 2026 and adjusted earnings per share growth of 6.00 percent year over year, according to Investing.com. The network business is expected to lead operating growth, while the EPC division faces a tougher comparison.

Three dates and figures shape Iberdrola

On October 9, 2026, Iberdrola said electricity distribution reached 207,000 GWh in September, up 5.80 percent year over year. On October 12, 2026, the company reported two international awards for its 2026 online integrated report. On October 14, 2026, Jefferies raised its target to EUR 20.70 from EUR 19.20. Iberdrola lists these company updates on its investor-relations page.

What comes next for results?

The next two scheduled events are both on October 21, 2026: Iberdrola will publish its nine-month results before the market opens, followed by an investor presentation at 9:30 a.m. Madrid time. The date and schedule were announced by Iberdrola.

Iberdrola reported EUR 4.33 billion in net profit and EUR 8.05 billion in adjusted EBITDA for the first half of 2026, alongside EUR 7.00 billion of investment, according to Iberdrola. Networks received 63.00 percent of that first-half investment, giving the upcoming results a clear operating angle.

Stock stays below the prior close

The euro quotation was EUR 0.18 below the Xetra close of October 16, 2026, which represents a decline of 0.83 percent. Iberdrola's market capitalization stood at EUR 143.4 billion on October 19, 2026, while its 52-week range was EUR 16.86 to EUR 22.07.

The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.