Inditex (IDEXY) Stock Rating Reaffirmed by Bank of America Corporation
Inditex (NASDAQ:IDEXY)‘s stock had its “neutral” rating restated by analysts at Bank of America Corporation in a note issued to investors on Wednesday, MarketBeat Ratings reports.
IDEXY has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Inditex from a “buy” rating to a “hold” rating in a research note on Monday, June 5th. Berenberg Bank reiterated a “hold” rating on shares of Inditex in a research note on Thursday, June 15th.
Shares of Inditex (IDEXY) traded up 0.31% during trading on Wednesday, reaching $19.24. The company had a trading volume of 40,759 shares. The firm has a market capitalization of $119.77 billion and a PE ratio of 30.76. Inditex has a 1-year low of $15.79 and a 1-year high of $20.80. The firm has a 50-day moving average of $19.56 and a 200 day moving average of $19.01.
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Industria de Diseño Textil, SA engages in the retail and on-line distribution of clothing, footwear, accessories and household textile products through various store formats in Spain, rest of Europe, the Americas, Asia, and internationally. The companys store formats include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe.
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