Inditex (IDEXY) Boosted to Purchase at Zacks Investment Research

Inditex (IDEXY) Boosted to Purchase at Zacks Investment Research

Zacks Investment Research upgraded shares of Inditex (NASDAQ:IDEXY) from a hold rating to a buy rating in a report issued on Wednesday. The firm currently has $23.00 price target on the stock.

According to Zacks, “Industria de Diseño Textil, S.A., is a fashion retailer operating worldwide. The company also involves in the business of textile designing, manufacturing, and distribution. It welcomes its shoppers at its various store formats, such as Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe . It has several stores in several countries. Industria de Diseño Textil, S.A. is headquartered in Arteixo, Spain. “

Shares of Inditex (NASDAQ IDEXY) opened at 20.65 on Wednesday. The stock has a market cap of $128.57 billion and a P/E ratio of 36.65. Inditex has a one year low of $15.50 and a one year high of $20.80. The firm’s 50-day moving average price is $19.65 and its 200 day moving average price is $17.57.

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