Inditex SA (BME:ITX) has earned an average recommendation of “Buy” from the sixteen research firms that are currently covering the firm. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twelve have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is €34.43 ($38.26).

A number of brokerages have commented on ITX. Sanford C. Bernstein set a €34.00 ($37.78) price objective on Inditex SA and gave the company a “buy” rating in a research note on Thursday, June 16th. Goldman Sachs Group Inc. set a €37.10 ($41.22) price objective on Inditex SA and gave the company a “buy” rating in a research note on Tuesday, May 31st. Citigroup Inc. reissued a “buy” rating on shares of Inditex SA in a research note on Tuesday, May 31st. JPMorgan Chase & Co. set a €33.00 ($36.67) price objective on Inditex SA and gave the company a “buy” rating in a research note on Tuesday, May 31st. Finally, Societe Generale set a €40.00 ($44.44) price objective on Inditex SA and gave the company a “buy” rating in a research note on Wednesday, September 7th.

Inditex SA Company Profile

Industria de Diseno Textil SA, known as Inditex SA, is a Spain-based company primarily engaged in the textile industry. The Company’s activities include the design, confection, manufacturing, distribution and retail of men, women and children apparel, footwear and fashion accessories; as well as home furnishings and household textile products.

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