Inditex (ITX) PT Set at €36.00 by Goldman Sachs Group
Inditex (BME:ITX) received a €36.00 ($42.86) target price from analysts at Goldman Sachs Group in a research report issued to clients and investors on Wednesday. The firm currently has a “buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 18.77% from the company’s previous close.
Several other brokerages also recently commented on ITX. J P Morgan Chase & Co set a €38.00 ($45.24) target price on Inditex and gave the stock a “buy” rating in a research note on Monday, September 4th. UBS reissued a “neutral” rating and set a target price on shares of Inditex in a research note on Friday, September 15th. Societe Generale set a €40.00 ($47.62) target price on Inditex and gave the stock a “buy” rating in a research note on Thursday, September 21st. Credit Suisse Group set a €25.00 ($29.76) target price on Inditex and gave the stock a “sell” rating in a research note on Friday, September 1st. Finally, BNP Paribas set a €33.00 ($39.29) target price on Inditex and gave the stock a “neutral” rating in a research note on Monday, September 25th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of €35.03 ($41.70).
Inditex (BME ITX) opened at €30.31 ($36.08) on Wednesday. Inditex has a 52 week low of €29.00 ($34.52) and a 52 week high of €36.90 ($43.93).
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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