Inditex (BME:ITX) received a €36.00 ($44.44) target price from research analysts at Goldman Sachs Group in a research report issued on Wednesday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price objective suggests a potential upside of 51.45% from the stock’s previous close.
Several other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. set a €38.00 ($46.91) target price on shares of Inditex and gave the company a “buy” rating in a report on Monday, December 4th. HSBC set a €37.00 ($45.68) target price on shares of Inditex and gave the company a “buy” rating in a report on Friday, December 15th. Macquarie set a €37.00 ($45.68) target price on shares of Inditex and gave the company a “buy” rating in a report on Friday, January 26th. Berenberg Bank set a €24.00 ($29.63) target price on shares of Inditex and gave the company a “sell” rating in a report on Friday, November 17th. Finally, UBS Group set a €35.00 ($43.21) price target on shares of Inditex and gave the company a “buy” rating in a research report on Thursday, December 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of €33.25 ($41.05).
Inditex (ITX) opened at €23.77 ($29.35) on Wednesday. Inditex has a twelve month low of €23.00 ($28.40) and a twelve month high of €36.90 ($45.56). The stock has a market cap of $74,080.00 and a price-to-earnings ratio of 22.42.
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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