Inditex (BME:ITX) has been given a €32.50 ($40.12) price target by analysts at Deutsche Bank in a report issued on Monday. The firm presently has a “buy” rating on the stock. Deutsche Bank’s target price would indicate a potential upside of 25.00% from the stock’s current price.

Several other analysts have also issued reports on the company. Royal Bank of Canada set a €32.00 ($39.51) target price on Inditex and gave the stock a “buy” rating in a report on Thursday, February 8th. Macquarie set a €37.00 ($45.68) target price on Inditex and gave the stock a “buy” rating in a report on Friday, January 26th. HSBC set a €37.00 ($45.68) target price on Inditex and gave the stock a “buy” rating in a report on Friday, December 15th. JPMorgan Chase & Co. set a €38.00 ($46.91) target price on Inditex and gave the stock a “buy” rating in a report on Thursday, December 14th. Finally, UBS Group set a €35.00 ($43.21) target price on Inditex and gave the stock a “buy” rating in a report on Thursday, December 14th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of €34.72 ($42.87).

Shares of Inditex (ITX) opened at €26.00 ($32.10) on Monday. Inditex has a twelve month low of €25.97 ($32.06) and a twelve month high of €36.90 ($45.56). The stock has a market capitalization of $81,030.00 and a PE ratio of 24.53.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by TheOlympiaReport and is the sole property of of TheOlympiaReport. If you are reading this piece of content on another website, it was copied illegally and reposted in violation of US and international trademark and copyright legislation. The original version of this piece of content can be read at https://theolympiareport.com/2018/02/14/inditex-itx-given-a-32-50-price-target-by-deutsche-bank-analysts.html.

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.

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.