Inditex (ITX) Given a €38.00 Price Target at J P Morgan Chase & Co

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

A number of other research analysts have also recently commented on the company. Berenberg Bank set a €24.00 ($28.57) price target on Inditex and gave the stock a sell rating in a research report on Friday, November 17th. Credit Suisse Group set a €24.00 ($28.57) price target on Inditex and gave the stock a sell rating in a research report on Monday, September 25th. Royal Bank Of Canada set a €36.00 ($42.86) price target on Inditex and gave the stock a buy rating in a research report on Monday, September 25th. BNP Paribas set a €33.00 ($39.29) price target on Inditex and gave the stock a neutral rating in a research report on Monday, September 25th. Finally, Morgan Stanley set a €30.00 ($35.71) price target on Inditex and gave the stock a neutral rating in a research report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of €35.00 ($41.67).

Inditex (BME ITX) opened at €30.83 ($36.70) on Monday. 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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