Inditex’s (ITX) Buy Rating Reiterated at DZ Bank

Inditex (BME:ITX)‘s stock had its “buy” rating reissued by analysts at DZ Bank in a research note issued on Thursday.

A number of other research analysts have also commented on the company. JPMorgan Chase & Co. set a €38.00 ($46.91) price objective on Inditex and gave the company a “buy” rating in a report on Monday, December 4th. HSBC set a €37.00 ($45.68) price objective on Inditex and gave the company a “buy” rating in a report on Friday, December 15th. Berenberg Bank set a €24.00 ($29.63) price objective on Inditex and gave the company a “sell” rating in a report on Friday, November 17th. Macquarie set a €37.00 ($45.68) price objective on Inditex and gave the company a “buy” rating in a report on Friday, January 26th. Finally, UBS Group set a €35.00 ($43.21) price objective on Inditex and gave the company a “buy” rating in a report on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of €34.72 ($42.87).

Inditex (ITX) opened at €26.30 ($32.47) on Thursday. Inditex has a 1-year low of €25.97 ($32.06) and a 1-year high of €36.90 ($45.56). The company has a market capitalization of $81,970.00 and a price-to-earnings ratio of 24.81.

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About Inditex

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.

Analyst Recommendations for Inditex (BME:ITX)

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