Inditex (BME:ITX) received a €31.00 ($38.27) price target from Jefferies Group in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the stock. Jefferies Group’s price target suggests a potential upside of 30.42% from the stock’s previous close.
ITX has been the topic of a number of other reports. Royal Bank of Canada set a €30.00 ($37.04) price objective on Inditex and gave the company a “buy” rating in a research note on Wednesday. HSBC set a €37.00 ($45.68) price objective on Inditex and gave the company a “buy” rating in a research note on Friday, December 15th. UBS Group set a €33.00 ($40.74) price objective on Inditex and gave the company a “buy” rating in a research note on Monday, February 26th. Deutsche Bank set a €32.50 ($40.12) price objective on Inditex and gave the company a “buy” rating in a research note on Monday, February 12th. Finally, Macquarie set a €37.00 ($45.68) price objective on Inditex and gave the company a “buy” rating in a research note on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of €33.25 ($41.05).
Inditex (ITX) opened at €23.77 ($29.35) on Wednesday. Inditex has a 12 month low of €23.00 ($28.40) and a 12 month high of €36.90 ($45.56). The stock has a market capitalization of $74,080.00 and a PE ratio of 22.42.
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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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