Iberdrola surpasses BBVA in market capitalization
Iberdrola recovers the third position in the Ibex ranking by market capitalization today. It has risen by 0.58%, to €20.73, which values the company at €138.334 billion. It thus surpasses BBVA, which snatched the third position from it on the Spanish Stock Exchange by size last August and closed at €132.888 billion, after falling by 1%.
Iberdrola has regained its third position in the Ibex ranking by market capitalization, with a valuation of 138.334 billion euros, after its shares rose by 0.58% to 20.73 euros. This surpasses BBVA, which had taken the third spot in August and closed at 132.888 billion euros after a 1% drop. Goldman Sachs has increased its target price for Iberdrola to 25 euros, the highest among 34 firms, predicting a 20% potential increase in value to 166.800 billion euros.
The investment firm expects Iberdrola's net profit to exceed 10.200 billion euros by 2030 and reach nearly 10.900 billion euros in 2031.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
