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Inditex surprises with "a faster reopening of stores than expected"


Inditex It has surprised analysts with a "faster-than-expected reopening of stores" and a "smaller drop in sales in June than anticipated." This is what the experts at Renta 4 assure us that, after the results of the Galician textile, they predict "a positive impact" on their price.

The private banking entity reiterates its advice to 'maintain' and a target price of 27 euros per share for the company. "The announced long-term sales growth prospects exceed our expectations", Add Income 4.

Since Bankinter they point out that "the results are in line with expectations if extraordinary provision is excluded." In addition, they maintain that "their accounts show the impact of the virus but we still think it will be temporary." Regarding the new textile dividend policy, they acknowledge that "it seems to us a prudent measure to preserve the strength of the balance sheet."

If we look at the technical aspect of Inditex, Bolsamanía analyst J.M. Rodríguez, remember that the company accumulates a fall of 18% so far this year.

"Inditex has just published results, which is causing volatility to be higher than usual in the short time we have been in session and we can expect anything this Wednesday," he added.


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