Inditex SA (BME:ITX) received a €38.00 ($45.24) target price from HSBC Holdings plc in a note issued to investors on Thursday. The brokerage presently has a “buy” rating on the stock.

ITX has been the subject of several other research reports. Kepler Capital Markets set a €35.50 ($42.26) target price on shares of Inditex SA and gave the stock a “buy” rating in a report on Wednesday. Barclays PLC set a €38.00 ($45.24) price target on shares of Inditex SA and gave the stock a “buy” rating in a report on Tuesday, September 5th. J P Morgan Chase & Co set a €38.00 ($45.24) price target on shares of Inditex SA and gave the stock a “buy” rating in a report on Monday, September 4th. Berenberg Bank set a €35.00 ($41.67) price target on shares of Inditex SA and gave the stock a “neutral” rating in a report on Monday, September 4th. Finally, Societe Generale set a €46.00 ($54.76) price target on shares of Inditex SA and gave the stock a “buy” rating in a report on Monday, September 4th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirteen have given a buy rating to the company. Inditex SA currently has a consensus rating of “Buy” and a consensus target price of €36.94 ($43.98).

COPYRIGHT VIOLATION NOTICE: This article was published by American Banking News and is owned by of American Banking News. If you are reading this article on another website, it was stolen and reposted in violation of international trademark and copyright laws. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/10/inditex-sa-itx-pt-set-at-38-00-by-hsbc-holdings-plc.html.

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)

Receive News & Ratings for Inditex SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inditex SA and related companies with MarketBeat.com's FREE daily email newsletter.