Inditex SA (BME:ITX) has been assigned a consensus rating of “Buy” from the eighteen research firms that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and twelve have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is €34.97 ($43.18).
Several equities research analysts have recently weighed in on the stock. Macquarie set a €37.00 ($45.68) target price on shares of Inditex and gave the stock a “buy” rating in a research note on Friday, January 26th. HSBC set a €37.00 ($45.68) target price 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 ($46.91) target price 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 ($43.21) target price on shares of Inditex and gave the stock a “buy” rating in a research note on Thursday, December 14th. Finally, 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.
Shares of Inditex (ITX) traded down €0.28 ($0.35) during mid-day trading on Friday, reaching €27.37 ($33.79). The company had a trading volume of 5,290,000 shares, compared to its average volume of 3,450,000. Inditex has a one year low of €27.22 ($33.60) and a one year high of €36.90 ($45.56). The stock has a market cap of $85,300.00 and a price-to-earnings ratio of 25.82.
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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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