Inditex (ITX) PT Set at €31.00 by Jefferies Group

Inditex (BME:ITX) has been assigned a €31.00 ($36.90) target price by equities researchers at Jefferies Group in a report issued on Thursday. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price suggests a potential upside of 20.34% from the company’s previous close.

Other analysts have also recently issued reports about the company. Royal Bank of Canada set a €30.00 ($35.71) target price on Inditex and gave the company a “buy” rating in a research report on Monday, February 26th. Kepler Capital Markets set a €33.50 ($39.88) target price on Inditex and gave the company a “buy” rating in a research report on Monday, February 26th. Citigroup set a €36.50 ($43.45) target price on Inditex and gave the company a “buy” rating in a research report on Monday, February 26th. UBS set a €33.00 ($39.29) target price on Inditex and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, Goldman Sachs Group set a €36.00 ($42.86) target price on Inditex and gave the company a “buy” rating in a research report on Friday, February 23rd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have given a buy rating to the stock. Inditex presently has a consensus rating of “Buy” and a consensus target price of €32.50 ($38.69).

Shares of Inditex opened at €25.76 ($30.67) on Thursday, according to MarketBeat.com. Inditex has a 52-week low of €23.00 ($27.38) and a 52-week high of €36.90 ($43.93).

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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