Inditex (BME:ITX) has been given a €22.00 ($27.16) target price by equities research analysts at Berenberg Bank in a research report issued on Thursday, March 15th. The brokerage presently has a “sell” rating on the stock. Berenberg Bank’s price target would suggest a potential downside of 14.60% from the company’s current price.
Several other research analysts have also weighed in on the stock. Royal Bank of Canada set a €30.00 ($37.04) target price on shares of Inditex and gave the stock a “buy” rating in a research report on Wednesday, March 14th. HSBC set a €37.00 ($45.68) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Friday, December 15th. UBS set a €33.00 ($40.74) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Monday, February 26th. Deutsche Bank set a €32.50 ($40.12) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Monday, February 12th. Finally, Macquarie set a €37.00 ($45.68) price target on shares of Inditex and gave the stock a “buy” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of €32.55 ($40.19).
BME:ITX traded up €0.31 ($0.38) on Thursday, reaching €25.76 ($31.80). The stock had a trading volume of 6,460,000 shares, compared to its average volume of 4,960,000. 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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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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