Brokerages Set Inditex SA (ITX) Price Target at $31.24

Inditex SA (BME:ITX) has been given an average recommendation of “Buy” by the seventeen brokerages that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating and fourteen have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is €31.24 ($36.32).

Several equities analysts have commented on the stock. Royal Bank of Canada set a €32.00 ($37.21) target price on shares of Inditex and gave the stock a “buy” rating in a research report on Monday, October 8th. UBS Group set a €33.00 ($38.37) price target on shares of Inditex and gave the stock a “buy” rating in a report on Thursday, September 13th. JPMorgan Chase & Co. set a €35.00 ($40.70) price target on shares of Inditex and gave the stock a “buy” rating in a report on Thursday, September 13th. HSBC set a €34.00 ($39.53) price target on shares of Inditex and gave the stock a “buy” rating in a report on Thursday, September 13th. Finally, Kepler Capital Markets set a €30.30 ($35.23) price target on shares of Inditex and gave the stock a “buy” rating in a report on Wednesday, September 12th.

Inditex has a 1 year low of €23.00 ($26.74) and a 1 year high of €36.90 ($42.91).

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.

Recommended Story: Cost of equity and a company’s balance sheet

Analyst Recommendations for Inditex (BME:ITX)

Receive News & Ratings for Inditex Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inditex and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit