The IBEX giant that dazzles the market and has room to rise
The largest value of the Ibex rises barely 2% in the year but has experienced a rally in the last four years and still has an 8% upside potential, according to analysts. It is liked by 32 of the 33 firms that cover the value.
Inditex, the parent company of Zara, has seen a 2% increase in value this year, but a significant 127% rise over the past four years. The company's market capitalization currently stands at 176.028 billion euros, making it the largest on the Spanish Ibex index. Analysts from 32 out of 33 firms that track the company's stock recommend holding or buying Inditex, citing its global leadership, steady business growth, and attractive dividend policy.
The company's shares are currently trading at 56.48 euros, 5% below their August peak, but with a potential upside of 8% according to a Bloomberg consensus, which sets a target price of 60.81 euros per share.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
