Inditex SA (ITX) Given Consensus Recommendation of “Buy” by Analysts
Inditex SA (BME:ITX) has received an average recommendation of “Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is €35.03 ($41.70).
A number of analysts have recently commented on the stock. HSBC set a €37.00 ($44.05) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. set a €38.00 ($45.24) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Thursday, December 14th. UBS Group set a €35.00 ($41.67) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Thursday, December 14th. Goldman Sachs Group set a €36.00 ($42.86) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Royal Bank of Canada set a €34.00 ($40.48) target price on shares of Inditex and gave the company a “buy” rating in a research report on Wednesday, December 13th.
Shares of Inditex (BME ITX) opened at €29.66 ($35.31) on Monday. Inditex has a 12 month low of €28.75 ($34.23) and a 12 month high of €36.90 ($43.93). The company has a market cap of $92,440.00 and a P/E ratio of 27.98.
Inditex Company Profile
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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