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

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Industria de Diseño Textil (OTCMKTS:IDEXY – Get a rating) saw its target price raised by Morgan Stanley research analysts from €23.50 ($25.27) to €25.50 ($27.42) in a research report released Thursday, Fly reports.

A number of other equity research analysts have also published reports on IDEXY. BNP Paribas upgraded Industria de Diseño Textil’s shares from a “neutral” rating to an “outperforming” rating in a Monday May 16 research rating. Telsey Advisory Group reaffirmed a “market performance” rating on Industria de Diseño Textil shares in a Friday, March 11 research note. Barclays lowered its price target on Industria de Diseño Textil from €31.50 ($33.87) to €27.00 ($29.03) and set an “equal weight” rating on the stock in a research report of Thursday, March 17. Royal Bank of Canada raised its price target on Industria de Diseño Textil from €27.00 ($29.03) to €29.00 ($31.18) and gave the company an “outperforming” rating. in a report released Thursday. Finally, Credit Suisse Group raised its price target on Industria de Diseño Textil from €22.00 ($23.66) to €24.00 ($25.81) and assigned the stock a rating of “under- performance” in a research report on Thursday. Three analysts have assigned the stock a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Industria de Diseño Textil currently has a consensus rating of “Hold” and an average target price of $25.50.

Shares of IDEXY were up $0.80 at midday Thursday, hitting $12.77. The company had a trading volume of 2,621,217 shares, compared to an average volume of 611,623. The company’s 50-day simple moving average is $11.08 and its 200-day simple moving average is 13, $38. The company has a market capitalization of $79.60 billion, a P/E ratio of 20.93 and a beta of 1.07. Industria de Diseño Textil has a 1-year minimum of $10.27 and a 1-year maximum of $19.39.

Industria de Diseño Textil (OTCMKTS:IDEXY – Get a rating) last announced its results on Wednesday, March 16. The company reported earnings per share of $0.14 for the quarter, missing the consensus estimate of $0.21 per ($0.07). The company posted revenue of $9.60 billion in the quarter, versus $9.33 billion expected by analysts. Industria de Diseño Textil achieved a net margin of 11.71% and a return on equity of 22.30%. On average, analysts expect Industria de Diseño Textil to post 0.63 EPS for the current year.

Company Profile Industria de Diseño Textil (Get a rating)

Industria de Diseño Textil, SA deals with the retail sale and online distribution of clothing, footwear, accessories and household textile products through various business 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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