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Inditex reached our target price!
At the beginning of the trading day, the textile giant, Inditex, reached our target price of 23.37 euros. According to our first valuation of the share, on September 20th (2017), the target price of the share was 23.82 euros and the asking price that day was 32.41 euros. After the company presented its quarterly results, we updated our valuation on December 15th (2017). That day the stock traded at 29.96 euros, and according to our valuation the stock was overvalued by 30%. Our fair price back then was 23.37 euros. In today’s session, Inditex presented its annual results, the stock was trading over 4% higher. During the week we will update our opinion on the company and our clients will have access to our fresh report.