Inditex (BME:ITX) has been given a €38.00 ($45.24) price target by analysts at J P Morgan Chase & Co in a report released on Monday. The brokerage presently has a “buy” rating on the stock. J P Morgan Chase & Co’s target price points to a potential upside of 25.54% from the company’s current price.
Other research analysts have also issued reports about the company. UBS set a €32.50 ($38.69) price target on Inditex and gave the company a “neutral” rating in a report on Friday, September 1st. Macquarie set a €38.00 ($45.24) price target on Inditex and gave the company a “buy” rating in a report on Thursday, September 21st. set a €38.00 ($45.24) price target on Inditex and gave the company a “buy” rating in a report on Thursday, September 7th. Societe Generale set a €46.00 ($54.76) price target on Inditex and gave the company a “buy” rating in a report on Monday, September 4th. Finally, Barclays set a €38.00 ($45.24) price target on Inditex and gave the company a “buy” rating in a report on Tuesday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of €35.00 ($41.67).
Inditex (BME ITX) opened at €30.27 ($36.04) on Monday. Inditex has a fifty-two week low of €29.00 ($34.52) and a fifty-two week high of €36.90 ($43.93).
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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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