Industria de Diseño Textil (OTCMKTS:IDEXY) Price Target Lowered to €23.50 at Morgan Stanley

Industria de Diseño Textil (OTCMKTS:IDEXYGet Rating) had its price objective decreased by stock analysts at Morgan Stanley from €24.50 ($25.52) to €23.50 ($24.48) in a research report issued to clients and investors on Tuesday, The Fly reports.

Several other analysts have also recently weighed in on IDEXY. Telsey Advisory Group reissued a “market perform” rating on shares of Industria de Diseño Textil in a report on Friday, March 11th. Barclays dropped their price target on shares of Industria de Diseño Textil from €31.50 ($32.81) to €27.00 ($28.13) and set an “equal weight” rating for the company in a research note on Thursday, March 17th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Industria de Diseño Textil from €23.00 ($23.96) to €21.00 ($21.88) and set a “sell” rating on the stock in a research note on Thursday, March 17th. BNP Paribas raised Industria de Diseño Textil from a “neutral” rating to an “outperform” rating in a research note on Monday. Finally, JPMorgan Chase & Co. reduced their price target on Industria de Diseño Textil from €34.00 ($35.42) to €31.00 ($32.29) and set an “overweight” rating on the stock in a research report on Thursday, March 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Industria de Diseño Textil has an average rating of “Hold” and an average price target of $25.14.

IDEXY opened at $10.88 on Tuesday. The stock has a market capitalization of $67.82 billion, a P/E ratio of 17.84 and a beta of 1.08. The company’s 50 day simple moving average is $11.13 and its 200-day simple moving average is $14.12. Industria de Diseño Textil has a one year low of $10.27 and a one year high of $20.20.

Industria de Diseño Textil (OTCMKTS:IDEXYGet Rating) last announced its quarterly earnings data on Wednesday, March 16th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.07). The firm had revenue of $9.60 billion during the quarter, compared to the consensus estimate of $9.33 billion. Industria de Diseño Textil had a net margin of 11.71% and a return on equity of 22.30%. As a group, sell-side analysts anticipate that Industria de Diseño Textil will post 0.67 EPS for the current fiscal year.

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

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