INDITEX : The trend should continue

08/04/2022 | 02:28am EDT

long trade Live

Entry price : 24.1€ | Target : 26.66€ | Stop-loss : 22.65€ | Potential : 10.62%

Shares in INDITEX have recently benefitted from a regain of interest by market participants. The technical chart pattern suggests a continuation of the upward movement. Investors have an opportunity to buy the stock and target the € 26.66.

Summary

• Overall, and from a short-term perspective, the company presents an interesting fundamental situation.
• According to Refinitiv, the company's ESG score for its industry is good.

Strengths

• Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
• Thanks to a sound financial situation, the firm has significant leeway for investment.
• This company will be of major interest to investors in search of a high dividend stock.
• Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
• For the past twelve months, EPS forecast has been revised upwards.
• Over the past twelve months, analysts' opinions have been strongly revised upwards.

Weaknesses

• The company appears highly valued given the size of its balance sheet.
• The group usually releases earnings worse than estimated.

Ratings chart

Subsector Other Apparel & Accessories Retailers

1st jan. Capitalization (M$) Investor Rating INDITEX -11.85% 79 997 KERING -22.08% 69 106 FAST RETAILING CO., LTD. 28.40% 63 647 ROSS STORES, INC. -26.30% 29 852 HENNES & MAURITZ AB -24.85% 21 764 PRADA S.P.A. -9.62% 14 701 BURLINGTON STORES, INC. -46.86% 10 630 NEXT PLC -19.51% 9 850 BURBERRY GROUP PLC -1.43% 8 552 CAPRI HOLDINGS LIMITED -23.59% 7 282 LOJAS RENNER S.A. 12.40% 5 200

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