Barclays Raises Iberdrola Target to €22.60, Forecasts 4% Luxury Growth
BCS•Barclays reaffirmed its overweight rating on Iberdrola, raising the price target to €22.60 for 15% upside, projecting 11% annual EPS growth and 9% dividend CAGR through 2030. It also set ten strategic rules for European luxury firms, forecasting just 4% CAGR from 2027 to 2029.
1. Iberdrola Overweight Rating and Target Increase
Barclays reaffirmed its overweight rating on Iberdrola as a top pick in European utilities, raising the price target to €22.60 per share for roughly 15% upside potential. The bank highlights that 55% of the group’s value stems from its regulated grid business and projects 11% annual EPS growth alongside a 9% dividend CAGR through 2030, underpinned by renewables and diversified geographic exposure.
2. Ten Luxury Sector Rules and Growth Outlook
Barclays released a ten-point strategic framework for European luxury companies, citing a shift in consumer behaviour that curtails growth to a 4% CAGR between 2027 and 2029, compared to prior double-digit expansion. The guidance emphasizes the importance of pricing power, digital channel development and robust supply chains to navigate the new growth phase.
