Inditex (ITX) Given a €32.00 Price Target at Royal Bank of Canada

Inditex (BME:ITX) received a €32.00 ($39.51) price objective from Royal Bank of Canada in a research note issued on Thursday. The firm currently has a “buy” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 22.56% from the stock’s previous close.

Several other equities research analysts have also commented on the stock. Goldman Sachs Group set a €36.00 ($44.44) price target on shares of Inditex and gave the stock a “buy” rating in a report on Wednesday, December 13th. UBS Group set a €35.00 ($43.21) price objective on shares of Inditex and gave the company a “buy” rating in a report on Friday, December 8th. Macquarie set a €37.00 ($45.68) price objective on shares of Inditex and gave the company a “buy” rating in a report on Friday, January 26th. JPMorgan Chase & Co. set a €38.00 ($46.91) price objective on shares of Inditex and gave the company a “buy” rating in a report on Thursday, December 14th. Finally, Berenberg Bank set a €24.00 ($29.63) price objective on shares of Inditex and gave the company a “sell” rating in a report on Friday, November 17th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of €34.86 ($43.04).

Shares of Inditex (BME ITX) traded down €0.05 ($0.06) during midday trading on Thursday, reaching €26.11 ($32.23). 7,200,000 shares of the company’s stock traded hands, compared to its average volume of 3,740,000. Inditex has a twelve month low of €25.97 ($32.06) and a twelve month high of €36.90 ($45.56). The firm has a market cap of $81,380.00 and a PE ratio of 24.63.

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About Inditex

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 (BME:ITX)

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