Business · Markets · 55 mins ago

Four Ibex companies reach record share prices

Four Ibex companies reach record share prices

Despite volatility in markets, four Ibex companies reached record share-price levels in Spain.

The companies were electricity group Iberdrola, airport operator Aena, Banco Sabadell and clothing retailer Inditex; the records were adjusted for dividends.

Analysts see scope for further gains, though their assessments vary and some have flagged risks or disappointing indicators.

Morgan Stanley put possible share-price targets at €26 for Iberdrola and €32.50 for Aena, while citing growth prospects for both.

Banco Sabadell’s shares reached €3.77, and investors are watching its profit outlook, dividend and share buyback; Inditex reached €60.14.

Inditex is due to report results on December 2, with analysts focused in part on its business resilience and holiday-season sales.

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What people are saying

Bankinter analystsAnalysts
reduces regulatory risk and increases visibility [until 2031]
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Ignacio RomeroSabadell representative
The share is cheap and has a very high expected dividend yield over the next two years
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