Inditex SA : Buyer consensus
Entry price | Target | Stop-loss | Potential |
---|
€102 |
€106 |
€100.8 |
+3.92% |
---|
Inditex has attractive qualities and share price performance may continue to grow.
The Spanish retail group expects a gradual increase of its turnover with, in parallel, margins that get better. These perspectives spill over positive expectations of earnings per share. One analyst has also described the Iberian company as an "impressive economic model".
Technically, the share has done a dynamic V-Bottom to come back on the EUR 101.3 resistance. Crossing this limit could help the stock to reach the EUR 106/108.6 area. Therefore, the behavior of the stock must be watched closely and a long position could be initiated above the EUR 101.5 to target the potential area. A stop-loss should be placed under the purchase point, in case of failure of the breakout.
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