Inditex SA (BME:ITX) has been given a €36.00 ($40.00) price target by stock analysts at JPMorgan Chase & Co. in a report released on Thursday. The firm presently has a a “buy” rating on the stock.
A number of other research analysts have also recently commented on ITX. Goldman Sachs Group Inc. set a €37.10 ($41.22) target price on Inditex SA and gave the company a “buy” rating in a research note on Tuesday, May 31st. Citigroup Inc. restated a “buy” rating on shares of Inditex SA in a research report on Tuesday, May 31st. Societe Generale set a €33.00 ($36.67) price target on shares of Inditex SA and gave the company a “neutral” rating in a research report on Tuesday, June 7th. Sanford C. Bernstein set a €34.00 ($37.78) price target on shares of Inditex SA and gave the company a “buy” rating in a research report on Thursday, June 16th. Finally, HSBC set a €28.00 ($31.11) price target on shares of Inditex SA and gave the company a “neutral” rating in a research report on Thursday, June 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of €34.69 ($38.55).
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.
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