Inditex: UBS still a buyer after results
(CercleFinance.com) - The analyst believes that the group's Q2 figures are reassuring - he therefore confirms a buy rating on the stock, with a target price of 29 euros.
Inditex reported stronger-than-expected growth in both sales and profits in H1 2022/2023.
The world's largest retailer of ready-to-wear clothing reported a 41% rise in H1 net profit to 1.8 billion euros, beating the consensus of 1.7 billion euros. Meanwhile, sales rose by 24.5% to 14.8 billion euros, airline above the consensus of 14.6 billion euros.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
Inditex reported stronger-than-expected growth in both sales and profits in H1 2022/2023.
The world's largest retailer of ready-to-wear clothing reported a 41% rise in H1 net profit to 1.8 billion euros, beating the consensus of 1.7 billion euros. Meanwhile, sales rose by 24.5% to 14.8 billion euros, airline above the consensus of 14.6 billion euros.
Copyright (c) 2022 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.