Inditex (ITX) Given a €35.00 Price Target at UBS

UBS set a €35.00 ($41.67) price objective on Inditex (BME:ITX) in a report released on Thursday. The firm currently has a buy rating on the stock.

Several other brokerages have also issued reports on ITX. J P Morgan Chase & Co set a €38.00 ($45.24) price target on shares of Inditex and gave the company a buy rating in a research note on Monday, September 4th. Societe Generale set a €40.00 ($47.62) price target on shares of Inditex and gave the company a buy rating in a research note on Thursday, September 21st. Credit Suisse Group set a €25.00 ($29.76) price target on shares of Inditex and gave the company a sell rating in a research note on Friday, September 1st. BNP Paribas set a €33.00 ($39.29) price target on shares of Inditex and gave the company a neutral rating in a research note on Monday, September 25th. Finally, set a €38.00 ($45.24) price target on shares of Inditex and gave the company a buy rating in a research note on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Inditex has a consensus rating of Buy and a consensus price target of €35.03 ($41.70).

Shares of Inditex (BME:ITX) traded down €0.76 ($0.90) during trading hours on Thursday, hitting €29.95 ($35.65). 12,150,000 shares of the company were exchanged, compared to its average volume of 5,170,000. Inditex has a fifty-two week low of €29.00 ($34.52) and a fifty-two week high of €36.90 ($43.93).

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Inditex 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.

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