Iberdrola, S.A. (OTCMKTS:IBDRY - Get Rating) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totalling 81,400 shares, an increase of 96.6% from the April 30th total of 41,400 shares. Based on an average daily trading volume, of 308,100 shares, the short-interest ratio is presently 0.3 days.
A number of equities analysts have commented on IBDRY shares. Citigroup boosted their price target on shares of Iberdrola from €12.10 ($12.87) to €12.60 ($13.40) and gave the company a "buy" rating in a research report on Monday, February 28th. Zacks Investment Research downgraded shares of Iberdrola from a "hold" rating to a "sell" rating in a research note on Tuesday, March 29th. Finally, Royal Bank of Canada boosted their target price on shares of Iberdrola from €12.00 ($12.77) to €12.75 ($13.56) and gave the stock an "outperform" rating in a research note on Tuesday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, Iberdrola currently has a consensus rating of "Buy" and a consensus price target of $31.26.
Shares of OTCMKTS:IBDRY opened at $48.65 on Friday. Iberdrola has a 52 week low of $38.88 and a 52 week high of $55.47. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.80 and a current ratio of 0.92. The company has a market capitalization of $78.30 billion, a PE ratio of 17.89, a PEG ratio of 1.98 and a beta of 0.55. The company has a 50 day moving average price of $45.43 and a two-hundred day moving average price of $44.82.
About Iberdrola (Get Rating)
Iberdrola, SA engages in the generation, transmission, distribution, and supply of electricity in Spain and internationally. It generates and markets electrical power using renewable sources, such as onshore and offshore wind, hydro, solar photovoltaic, combined cycle gas, nuclear, and biomass, as well as through installation of batteries.
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