Inditex (BME:ITX) received a €30.00 ($37.04) price target from stock analysts at Royal Bank of Canada in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the stock. Royal Bank of Canada’s price target suggests a potential upside of 26.21% from the company’s current price.

Several other research analysts also recently weighed in on ITX. Berenberg Bank set a €24.00 ($29.63) target price on shares of Inditex and gave the stock a “sell” rating in a report on Friday, November 17th. JPMorgan Chase & Co. set a €38.00 ($46.91) target price on shares of Inditex and gave the stock a “buy” rating in a report on Monday, December 4th. UBS Group set a €35.00 ($43.21) target price on shares of Inditex and gave the stock a “buy” rating in a report on Friday, December 8th. Goldman Sachs Group set a €36.00 ($44.44) target price on shares of Inditex and gave the stock a “buy” rating in a report on Wednesday, December 13th. Finally, HSBC set a €37.00 ($45.68) target price on shares of Inditex and gave the stock a “buy” rating in a report on Friday, December 15th. Two analysts have rated the stock with a sell rating, three have given a hold rating and fourteen have given a buy rating to the company’s stock. Inditex currently has an average rating of “Buy” and an average price target of €33.25 ($41.05).

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Inditex (ITX) opened at €23.77 ($29.35) on Wednesday. The firm has a market cap of $74,080.00 and a price-to-earnings ratio of 22.42. Inditex has a 1-year low of €23.00 ($28.40) and a 1-year high of €36.90 ($45.56).

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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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