Morgan Stanley Reiterates €29.50 Price Target for Inditex SA (ITX)

Morgan Stanley set a €29.50 ($31.72) price target on Inditex SA (BME:ITX) in a research report sent to investors on Thursday. The brokerage currently has a neutral rating on the stock.

Several other equities research analysts have also recently weighed in on ITX. Goldman Sachs Group Inc set a €37.00 ($39.78) target price on Inditex SA and gave the company a buy rating in a report on Thursday, November 24th. Deutsche Bank AG set a €33.00 ($35.48) target price on Inditex SA and gave the company a neutral rating in a report on Thursday, November 24th. JPMorgan Chase & Co. set a €36.00 ($38.71) price target on Inditex SA and gave the company a buy rating in a research report on Friday, November 25th. Societe Generale set a €43.00 ($46.24) price target on Inditex SA and gave the company a buy rating in a research report on Wednesday, November 30th. Finally, BNP Paribas set a €36.00 ($38.71) price target on Inditex SA and gave the company a neutral rating in a research report on Thursday, December 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Inditex SA currently has an average rating of Buy and a consensus price target of €36.85 ($39.62).

Analyst Recommendations for Inditex SA (BME:ITX)

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Inditex SA Company Profile

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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