Inditex (ITX) Given a €32.50 Price Target by Deutsche Bank Analysts
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.
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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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