Inditex (BME:ITX) has been given a €36.00 ($44.44) price objective by stock analysts at Goldman Sachs Group in a research note issued on Wednesday. The brokerage currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective indicates a potential upside of 51.45% from the stock’s current price.
Other analysts also recently issued reports about the company. Barclays set a €34.00 ($41.98) target price on Inditex and gave the company a “buy” rating in a research report on Tuesday. Royal Bank of Canada set a €30.00 ($37.04) target price on Inditex and gave the company a “buy” rating in a research report on Wednesday. JPMorgan Chase & Co. set a €38.00 ($46.91) price target on Inditex and gave the stock a “buy” rating in a report on Thursday, December 14th. DZ Bank reissued a “buy” rating on shares of Inditex in a report on Thursday, February 15th. Finally, Macquarie set a €37.00 ($45.68) price target on Inditex and gave the stock a “buy” rating in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have issued a buy rating to the company’s stock. Inditex has a consensus rating of “Buy” and a consensus target price of €33.25 ($41.05).
Shares of Inditex (BME:ITX) opened at €23.77 ($29.35) on Wednesday. The firm has a market capitalization of $74,080.00 and a price-to-earnings ratio of 22.42. Inditex has a 1 year low of €23.00 ($28.40) and a 1 year high of €36.90 ($45.56).
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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