Deutsche Bank set a €32.50 ($40.12) target price on Inditex (BME:ITX) in a research note released on Monday morning. The firm currently has a buy rating on the stock.
ITX has been the topic of a number of other research reports. HSBC set a €37.00 ($45.68) price target on shares of Inditex and gave the company a buy rating in a report on Friday, December 15th. Macquarie set a €37.00 ($45.68) price target on shares of Inditex and gave the company a buy rating in a report on Friday, January 26th. Berenberg Bank set a €24.00 ($29.63) price target on shares of Inditex and gave the company a sell rating in a report on Friday, November 17th. UBS Group set a €35.00 ($43.21) price target on shares of Inditex and gave the company a buy rating in a report on Friday, December 8th. Finally, Royal Bank of Canada set a €32.00 ($39.51) price target on shares of Inditex and gave the company a buy rating in a report on Thursday, February 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of €34.72 ($42.87).
Shares of Inditex (BME ITX) opened at €26.27 ($32.43) on Monday. Inditex has a fifty-two week low of €25.97 ($32.06) and a fifty-two week high of €36.90 ($45.56). The company has a market cap of $81,870.00 and a P/E ratio of 24.78.
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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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