Industria de Diseño Textil (OTCMKTS:IDEXY – Get 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.
About Industria de Diseño Textil
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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