Inditex (ITX) PT Set at €36.00 by Goldman Sachs Group
Inditex (BME:ITX) has been assigned a €36.00 ($42.86) price objective by Goldman Sachs Group in a report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target suggests a potential upside of 14.61% from the company’s current price.
ITX has been the topic of a number of other reports. Credit Suisse Group set a €25.00 ($29.76) price objective on Inditex and gave the company a “sell” rating in a research report on Friday, September 1st. Berenberg Bank set a €24.00 ($28.57) price objective on Inditex and gave the company a “sell” rating in a research report on Friday, November 17th. Morgan Stanley set a €30.00 ($35.71) price objective on Inditex and gave the company a “neutral” rating in a research report on Tuesday, September 19th. J P Morgan Chase & Co set a €38.00 ($45.24) price objective on Inditex and gave the company a “buy” rating in a research report on Monday, December 4th. Finally, set a €38.00 ($45.24) price target on Inditex and gave the company a “buy” rating in a research report on Tuesday, September 19th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. Inditex has an average rating of “Buy” and an average price target of €34.91 ($41.56).
Inditex (BME ITX) traded up €0.65 ($0.77) on Wednesday, hitting €31.41 ($37.39). The stock had a trading volume of 3,090,000 shares, compared to its average volume of 5,800,000. Inditex has a 1-year low of €29.00 ($34.52) and a 1-year 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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