Inditex SA (BME:ITX) has been given an average rating of “Buy” by the seventeen research firms that are presently covering the company, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is €38.44 ($45.22).

ITX has been the subject of a number of recent analyst reports. Royal Bank Of Canada set a €39.00 ($45.88) price objective on shares of Inditex SA and gave the company a “buy” rating in a research report on Friday, May 26th. J P Morgan Chase & Co set a €37.00 ($43.53) price objective on shares of Inditex SA and gave the company a “buy” rating in a research report on Wednesday, May 31st. Deutsche Bank AG set a €35.00 ($41.18) price objective on shares of Inditex SA and gave the company a “neutral” rating in a research report on Tuesday, May 30th. Goldman Sachs Group, Inc. (The) set a €41.00 ($48.24) price objective on shares of Inditex SA and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Finally, Citigroup Inc. set a €41.50 ($48.82) price objective on shares of Inditex SA and gave the company a “buy” rating in a research report on Thursday, June 15th.

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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.

Analyst Recommendations for Inditex SA (BME:ITX)

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