Inditex (BME:ITX) received a €30.30 ($35.23) price objective from stock analysts at Kepler Capital Markets in a report issued on Tuesday. The brokerage presently has a “buy” rating on the stock. Kepler Capital Markets’ target price suggests a potential upside of 17.62% from the stock’s previous close.
Other equities analysts also recently issued research reports about the stock. Royal Bank of Canada set a €30.00 ($34.88) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Wednesday, March 14th. Barclays set a €34.00 ($39.53) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Tuesday, March 13th. Jefferies Group set a €31.00 ($36.05) target price on shares of Inditex and gave the company a “buy” rating in a research note on Thursday, May 24th. Deutsche Bank reissued a “buy” rating and issued a target price on shares of Inditex in a research note on Thursday, March 15th. Finally, Berenberg Bank set a €22.00 ($25.58) target price on shares of Inditex and gave the company a “sell” rating in a research note on Thursday, March 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the company’s stock. Inditex has an average rating of “Buy” and an average target price of €32.49 ($37.78).
Get Inditex alerts:Inditex opened at €25.76 ($29.95) on Tuesday, MarketBeat reports. Inditex has a fifty-two week low of €23.00 ($26.74) and a fifty-two week high of €36.90 ($42.91).
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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