Inditex SA (BME:ITX) Receives Average Rating of “Buy” from Brokerages

Inditex SA (BME:ITX) has been assigned an average recommendation of “Buy” from the seventeen research firms that are covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and thirteen have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is €38.44 ($45.22).

A number of research analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) set a €43.00 ($50.59) target price on shares of Inditex SA and gave the company a “buy” rating in a research note on Wednesday, June 21st. Berenberg Bank set a €37.00 ($43.53) price target on shares of Inditex SA and gave the company a “neutral” rating in a research note on Thursday, June 15th. Citigroup Inc. set a €41.50 ($48.82) price target on shares of Inditex SA and gave the company a “buy” rating in a research note on Thursday, June 15th. S&P Global set a €36.00 ($42.35) price target on shares of Inditex SA and gave the company a “neutral” rating in a research note on Wednesday, June 14th. Finally, Kepler Capital Markets set a €37.50 ($44.12) price target on shares of Inditex SA and gave the company a “buy” rating in a research note on Wednesday, June 14th.

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Inditex SA 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.

Analyst Recommendations for Inditex SA (BME:ITX)

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