Inditex (BME:ITX) received a €33.00 ($40.74) target price from UBS in a note issued to investors on Friday, March 16th, www.boersen-zeitung.de reports. The brokerage currently has a “buy” rating on the stock. UBS’s price target would suggest a potential upside of 28.11% from the company’s current price.
ITX has been the topic of several other reports. Goldman Sachs set a €36.00 ($44.44) price objective on Inditex and gave the stock a “buy” rating in a report on Friday, February 23rd. JPMorgan Chase set a €35.50 ($43.83) price target on Inditex and gave the company a “buy” rating in a report on Friday, February 23rd. Berenberg Bank set a €24.00 ($29.63) price target on Inditex and gave the company a “sell” rating in a report on Friday, November 17th. Deutsche Bank set a €32.50 ($40.12) price target on Inditex and gave the company a “buy” rating in a report on Monday, February 12th. Finally, Kepler Capital Markets set a €33.50 ($41.36) price target on Inditex and gave the company a “buy” rating in a report on Monday, February 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of €32.55 ($40.19).
Shares of BME:ITX traded up €0.31 ($0.38) during mid-day trading on Friday, hitting €25.76 ($31.80). 6,460,000 shares of the company traded hands, compared to its average volume of 4,960,000. Inditex has a 52-week low of €23.00 ($28.40) and a 52-week 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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