Inditex (BME:ITX) has been assigned a €31.00 ($38.27) price target by equities research analysts at Jefferies Group in a research report issued on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price objective points to a potential upside of 30.42% from the company’s previous close.
A number of other brokerages have also commented on ITX. Royal Bank of Canada set a €34.00 ($41.98) target price on Inditex and gave the company a “buy” rating in a research note on Wednesday, December 13th. Goldman Sachs Group set a €36.00 ($44.44) target price on Inditex and gave the company a “buy” rating in a research note on Wednesday, December 13th. UBS Group set a €35.00 ($43.21) price objective on Inditex and gave the stock a “buy” rating in a research note on Thursday, December 14th. HSBC set a €37.00 ($45.68) price objective on Inditex and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, JPMorgan Chase & Co. set a €38.00 ($46.91) price objective on Inditex and gave the stock a “buy” rating in a research note on Thursday, December 14th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have given a buy rating to the stock. Inditex currently has a consensus rating of “Buy” and an average target price of €33.25 ($41.05).
Inditex (BME:ITX) opened at €23.77 ($29.35) on Wednesday. The company has a market capitalization of $74,080.00 and a price-to-earnings ratio of 22.42. Inditex has a 12 month low of €23.00 ($28.40) and a 12 month high of €36.90 ($45.56).
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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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