Inditex (BME:ITX) received a €38.00 ($45.24) price target from investment analysts at J P Morgan Chase & Co in a research note issued to investors on Monday. The firm currently has a “buy” rating on the stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 25.54% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Jefferies Group set a €37.00 ($44.05) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Friday, September 1st. Royal Bank Of Canada set a €37.00 ($44.05) price target on shares of Inditex and gave the stock a “buy” rating in a research note on Friday, September 1st. Goldman Sachs Group set a €40.50 ($48.21) target price on shares of Inditex and gave the company a “buy” rating in a research note on Thursday, August 31st. Societe Generale set a €46.00 ($54.76) target price on shares of Inditex and gave the company a “buy” rating in a research note on Monday, September 4th. Finally, Macquarie set a €38.00 ($45.24) target price on shares of Inditex and gave the company a “buy” rating in a research note on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of €35.00 ($41.67).

Shares of Inditex (BME ITX) opened at €30.27 ($36.04) on Monday. Inditex has a 52 week low of €29.00 ($34.52) and a 52 week high of €36.90 ($43.93).

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About Inditex

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)

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