Industria de Diseño Textil (OTCMKTS:IDEXY) Price Target Raised to €25.50 at Morgan Stanley

Industria de Diseño Textil (OTCMKTS:IDEXY – Get Rating) had its price target hoisted by Morgan Stanley from €23.50 ($25.27) to €25.50 ($27.42) in a report published on Thursday morning, The Fly reports.

IDEXY has been the subject of a number of other research reports. BNP Paribas raised Industria de Diseño Textil from a neutral rating to an outperform rating in a research report on Monday, May 16th. Royal Bank of Canada lifted their price objective on Industria de Diseño Textil from €27.00 ($29.03) to €29.00 ($31.18) and gave the company an outperform rating in a research report on Thursday. Telsey Advisory Group reaffirmed a market perform rating on shares of Industria de Diseño Textil in a research report on Friday, March 11th. Deutsche Bank Aktiengesellschaft lowered their price objective on Industria de Diseño Textil from €23.00 ($24.73) to €21.00 ($22.58) and set a sell rating for the company in a research report on Thursday, March 17th. Finally, Exane BNP Paribas raised Industria de Diseño Textil from a neutral rating to an outperform rating and set a €25.50 ($27.42) price objective for the company in a research report on Monday, May 16th. Three analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $25.50.

OTCMKTS IDEXY opened at $12.58 on Thursday. Industria de Diseño Textil has a fifty-two week low of $10.27 and a fifty-two week high of $19.39. The stock has a market cap of $78.39 billion, a price-to-earnings ratio of 20.93 and a beta of 1.07. The business has a fifty day moving average of $11.11 and a 200-day moving average of $13.35.

Industria de Diseño Textil (OTCMKTS:IDEXY – Get Rating) last released its quarterly earnings results on Wednesday, March 16th. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). Industria de Diseño Textil had a return on equity of 22.30% and a net margin of 11.71%. The company had revenue of $9.60 billion during the quarter, compared to analyst estimates of $9.33 billion. As a group, analysts forecast that Industria de Diseño Textil will post 0.63 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Tuesday, May 17th. Shareholders of record on Friday, April 29th were paid a dividend of $0.1807 per share. This represents a dividend yield of 2.89%. The ex-dividend date of this dividend was Thursday, April 28th. Industria de Diseño Textil’s dividend payout ratio is presently 57.38%.

Industria de Diseño Textil Company Profile (Get Rating)

Industria de Diseño Textil, SA engages in the retail and online distribution of clothing, footwear, accessories, and household textile products through various commercial concepts. Its retail concepts include Zara, Pull & Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home, and Uterqüe. As of July 13, 2021, the company operated 6,829 stores in 96 markets; and online stores in 216 markets.

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