J P Morgan Chase & Co set a €38.00 ($45.24) price target on Inditex (BME:ITX) in a research note issued to investors on Monday. The firm currently has a buy rating on the stock.

Several other research firms also recently weighed in on ITX. UBS reiterated a neutral rating and set a target price on shares of Inditex in a research report on Friday, September 15th. Societe Generale set a €40.00 ($47.62) target price on Inditex and gave the company a buy rating in a research report on Thursday, September 21st. Credit Suisse Group set a €25.00 ($29.76) target price on Inditex and gave the company a sell rating in a research report on Friday, September 1st. BNP Paribas set a €33.00 ($39.29) target price on Inditex and gave the company a neutral rating in a research report on Monday, September 25th. Finally, set a €38.00 ($45.24) target price on Inditex and gave the company a buy rating in a research report on Tuesday, September 19th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Inditex presently has a consensus rating of Hold and a consensus target price of €35.00 ($41.67).

Inditex (ITX) traded down €0.20 ($0.24) during midday trading on Monday, reaching €30.38 ($36.17). The company had a trading volume of 3,370,000 shares, compared to its average volume of 9,110,000. Inditex has a 12 month low of €29.00 ($34.52) and a 12 month 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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