Inditex SA (ITX) Given Consensus Rating of “Buy” by Analysts
Inditex SA (BME:ITX) has earned an average rating of “Buy” from the sixteen research firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is €38.75 ($43.06).
Several equities analysts have weighed in on ITX shares. HSBC Holdings plc set a €42.00 ($46.67) target price on Inditex SA and gave the company a “buy” rating in a report on Tuesday, April 4th. Royal Bank Of Canada set a €35.00 ($38.89) target price on Inditex SA and gave the company a “buy” rating in a report on Wednesday, March 1st. Goldman Sachs Group, Inc. (The) set a €43.00 ($47.78) target price on Inditex SA and gave the company a “buy” rating in a report on Saturday, May 20th. BNP Paribas set a €36.00 ($40.00) target price on Inditex SA and gave the company a “buy” rating in a report on Thursday, March 9th. Finally, Barclays PLC set a €40.00 ($44.44) target price on Inditex SA and gave the company a “buy” rating in a report on Thursday, March 16th.
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About Inditex SA
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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