Inditex SA (BME:ITX) has been given a consensus recommendation of “Buy” by the eighteen brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is €35.03 ($41.70).
Several analysts have recently commented on ITX shares. JPMorgan Chase & Co. set a €38.00 ($45.24) target price on Inditex and gave the stock a “buy” rating in a research report on Monday, December 4th. HSBC set a €37.00 ($44.05) target price on Inditex and gave the stock a “buy” rating in a research report on Friday, December 15th. Berenberg Bank set a €24.00 ($28.57) target price on Inditex and gave the stock a “sell” rating in a research report on Friday, November 17th. UBS Group set a €35.00 ($41.67) target price on Inditex and gave the stock a “buy” rating in a research report on Thursday, December 14th. Finally, Royal Bank of Canada set a €34.00 ($40.48) target price on Inditex and gave the stock a “buy” rating in a research report on Wednesday, December 13th.
Shares of Inditex (BME ITX) traded down €0.30 ($0.36) during trading on Monday, hitting €28.55 ($33.99). The stock had a trading volume of 3,490,000 shares, compared to its average volume of 3,860,000. The firm has a market capitalization of $88,980.00 and a PE ratio of 26.93. Inditex has a 1-year low of €28.55 ($33.99) and a 1-year high of €36.90 ($43.93).
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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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