Inditex (ITX) Given a €37.00 Price Target at HSBC

HSBC set a €37.00 ($44.05) target price on Inditex (BME:ITX) in a research report released on Friday morning. The firm currently has a buy rating on the stock.

Other research analysts also recently issued research reports about the company. UBS set a €32.50 ($38.69) price objective on Inditex and gave the company a neutral rating in a research note on Friday, September 1st. J P Morgan Chase & Co set a €38.00 ($45.24) price objective on Inditex and gave the company a buy rating in a research note on Thursday, September 21st. Macquarie set a €38.00 ($45.24) price objective on Inditex and gave the company a buy rating in a research note on Thursday, September 21st. Goldman Sachs Group set a €36.00 ($42.86) price objective on Inditex and gave the company a buy rating in a research note on Wednesday. Finally, set a €38.00 ($45.24) price target on Inditex and gave the company a buy rating in a research report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Inditex currently has an average rating of Buy and an average target price of €35.03 ($41.70).

Shares of Inditex (BME:ITX) traded down €0.76 ($0.90) during trading hours on Friday, reaching €29.95 ($35.65). The company’s stock had a trading volume of 12,150,000 shares, compared to its average volume of 5,170,000. Inditex has a 52-week low of €29.00 ($34.52) and a 52-week high of €36.90 ($43.93).

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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.

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