Inditex (BME:ITX) received a €26.00 ($30.23) price target from stock analysts at Morgan Stanley in a report released on Tuesday, May 29th. The firm currently has a “neutral” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 0.93% from the stock’s previous close.
A number of other research analysts have also commented on the stock. Kepler Capital Markets set a €30.30 ($35.23) price target on shares of Inditex and gave the company a “buy” rating in a research note on Tuesday, May 29th. Credit Suisse Group set a €22.50 ($26.16) price target on shares of Inditex and gave the company a “sell” rating in a research note on Friday, May 25th. JPMorgan Chase & Co. set a €35.00 ($40.70) target price on shares of Inditex and gave the stock a “buy” rating in a research report on Friday, May 25th. 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 Thursday, May 24th. Finally, Jefferies Financial Group set a €31.00 ($36.05) target price on shares of Inditex and gave the stock a “buy” rating in a research report on Thursday, May 24th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of €32.52 ($37.81).
Shares of ITX stock traded up €0.31 ($0.36) on Tuesday, reaching €25.76 ($29.95). The stock had a trading volume of 6,460,000 shares, compared to its average volume of 4,960,000. Inditex has a 12 month low of €23.00 ($26.74) and a 12 month high of €36.90 ($42.91).
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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