Jefferies raises target for Iberdrola stock to EUR 20.70

Published on 10/20/2026 at 10:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies lifts its target to EUR 20.70 from EUR 19.20. Iberdrola stock costs EUR 21.20 on October 20, 2026, 0.19 percent below the Xetra close.

Target and operating update

Jefferies raised its Iberdrola target from EUR 19.20 to EUR 20.70 on October 14, 2026.
First-half 2026 reported net profit was EUR 4.33 billion and adjusted EBITDA EUR 8.05 billion.
Iberdrola stock trades at EUR 21.20 at 10:08 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.19 percent below the Xetra close of October 19, 2026.
Nine-month results are scheduled for October 21, 2026.

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Iberdrola stock was trading at EUR 21.20 at Lang & Schwarz at 10:08 a.m. CEST on October 20, 2026, down 0.19 percent versus the Xetra close of October 19, 2026 at EUR 21.24. The immediate catalyst is Jefferies' October 14 target increase to EUR 20.70 from EUR 19.20, while the firm retained its Hold rating, as reported by Investing.com.

Three dates shape Iberdrola

On October 1, Iberdrola completed an expansion of its transmission-networks alliance with GIC, according to the company's investor information. On October 9, the company reported 206,947 GWh of distributed electricity for the first nine months of 2026, up 5.8 percent year over year, in an Iberdrola release. On October 20, the German euro quote stood 0.19 percent below the Xetra close.

What does the network focus mean?

Jefferies expects adjusted EBITDA of EUR 3.70 billion in the third quarter of 2026, up 3 percent year over year. Its estimate puts Networks EBITDA growth at 13 percent, while Production and Customers EBITDA is projected to decline 9 percent. The contrast makes the regulated network business the central test for the upcoming figures.

Iberdrola's first-half 2026 figures provide the latest reported baseline. The company listed reported net profit of EUR 4.33 billion, adjusted EBITDA of EUR 8.05 billion, and total investment of EUR 7.00 billion for the period on its Iberdrola investor-relations page. Networks received 63 percent of that investment.

When are the next results?

Iberdrola is scheduled to present its results for the first nine months of 2026 on October 21, 2026, at 9:30 a.m. CET, according to the company calendar. The release should show whether the 13 percent Networks estimate and the 9 percent decline expected for Production and Customers are reflected in the reported mix.

Stock stays below the recent high

The stock remains inside its 52-week range of EUR 16.86 to EUR 22.07, with the range and market capitalization of EUR 141.6 billion dated October 20, 2026. For investors, the next comparison is operational: first-half profit of EUR 4.33 billion against the third-quarter expectations outlined by Jefferies.

Iberdrola was trading at EUR 21.20 at Lang & Schwarz on October 20, 2026 at 10:08 a.m. CEST, 0.19 percent below the Xetra close of October 19, 2026 at EUR 21.24. The further course of trading is shown by the continuously updated real-time quote of Iberdrola stock.