Industria de Diseño Textil (OTCMKTS:IDEXY) Given New €22.50 Price Target at Berenberg Bank

Industria de Diseño Textil (OTCMKTS:IDEXYGet Rating) had its price objective reduced by Berenberg Bank from €26.00 ($26.53) to €22.50 ($22.96) in a research note published on Wednesday, The Fly reports.

Several other research firms also recently weighed in on IDEXY. UBS Group raised shares of Industria de Diseño Textil from a neutral rating to a buy rating in a research note on Monday, July 18th. Credit Suisse Group increased their price target on Industria de Diseño Textil from €22.00 ($22.45) to €24.00 ($24.49) and gave the stock an underperform rating in a report on Thursday, June 9th. Royal Bank of Canada boosted their price objective on Industria de Diseño Textil from €27.00 ($27.55) to €29.00 ($29.59) and gave the company an outperform rating in a report on Thursday, June 9th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Industria de Diseño Textil from €21.00 ($21.43) to €22.50 ($22.96) in a research note on Monday, June 13th. Finally, Morgan Stanley lifted their price objective on shares of Industria de Diseño Textil from €23.50 ($23.98) to €25.50 ($26.02) in a report on Thursday, June 9th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Industria de Diseño Textil presently has an average rating of Hold and a consensus price target of $25.88.

Industria de Diseño Textil Stock Performance

Shares of IDEXY opened at $10.49 on Wednesday. The stock has a fifty day moving average of $11.96 and a 200-day moving average of $11.66. Industria de Diseño Textil has a 52 week low of $10.27 and a 52 week high of $19.05. The stock has a market capitalization of $65.39 billion, a price-to-earnings ratio of 15.66 and a beta of 1.06.

Industria de Diseño Textil (OTCMKTS:IDEXYGet Rating) last posted its quarterly earnings data on Wednesday, June 8th. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.07. The firm had revenue of $7.56 billion during the quarter, compared to analyst estimates of $5.26 billion. Industria de Diseño Textil had a return on equity of 24.04% and a net margin of 12.16%. As a group, equities analysts forecast that Industria de Diseño Textil will post 0.65 EPS for the current year.

About Industria de Diseño Textil

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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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Analyst Recommendations for Industria de Diseño Textil (OTCMKTS:IDEXY)

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