Inditex (BME:ITX) received a €30.00 ($37.04) price target from analysts at Cfra in a report issued on Friday. The brokerage presently has a “buy” rating on the stock. Cfra’s target price points to a potential upside of 16.46% from the stock’s previous close.
Several other research firms have also issued reports on ITX. DZ Bank reiterated a “buy” rating on shares of Inditex in a research report on Thursday, February 15th. UBS set a €35.00 ($43.21) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Thursday, December 14th. Goldman Sachs set a €36.00 ($44.44) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Friday, February 23rd. JPMorgan Chase & Co. set a €35.50 ($43.83) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Wednesday. Finally, Berenberg Bank set a €22.00 ($27.16) price target on shares of Inditex and gave the stock a “sell” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. Inditex currently has a consensus rating of “Buy” and a consensus price target of €32.55 ($40.19).
Inditex (BME ITX) opened at €25.76 ($31.80) on Friday. The company has a market capitalization of $80,280.00 and a price-to-earnings ratio of 24.30. 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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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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