Author: MARCOS MIGUEZ
The capitalization of the textile giant has not crossed that limit since the beginning of November 2021
Inditex is worth again on the stock market more than 100,000 million euros. 100.2 billion, to be exact. The shares of the Galician textile giant, which will reveal to investors next week the data for the first quarter of the fiscal year, this Friday reached prices not seen since the beginning of 2021.
They dismissed the session and the week at 32.15 euros, which is equivalent to a rise of 2.23% compared to the previous day’s close. It’s about price the highest since November 2021. At the time, the reins of the company were still in the hands of Pablo Isla, the first time that capitalization companies (market value) exceeds the limit of 100,000 million sa Martha Ortega and Oscar García Maceiras at the head of a multinational, as president or CEO. Already at the beginning of May, it was on the verge of crossing that barrier, with a price of 32.06 euros.
Inditex is one of the values that accumulates the largest revaluations within Ibex so far this year. Its shares are now worth almost a
32% more than when it ended in 2022. Only two other of the 35 values that make up the main indicator of the Spanish stock market advanced more than the Galician textile giant. These are two companies related to tourism that are expected to have a record year: Amadeus and Meliá. The travel service provider has accumulated an increase of almost 41%, and the escalation of the hotel chain is close to 35%.
However, and according to analysts, the activities of the multinational he presides over Martha Ortega They are still far from peak. Thus, for example, the experts of Renta 4 set the target price of the shares at 37.05 euros, almost 17% above the level at which they are currently traded; while Citigroup estimates it at 35 euros, which gives the company a value of 109,000 million.
A company that owns brands like tomorrow, Massimo Dutti, Bershka and oysho, closed its most recent fiscal year (which ended January 31) with record profits and sales. It recorded a net result of 4.130 million in its last fiscal year, 27% more than in 2021. The collection increased by 17.5%, to 32.569 million euros.
Source: La Vozde Galicia
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
