Inditex, the most valued company in the Ibex 35, closed this Wednesday with an increase of 1.59%, placing its action at a new historic maximum at 54.96 eurosafter the luxury sector experienced a trying day following the publication of the accounts of the French company LVMH. In fact, the French company, which had achieved a turnover of 60.753 million until September, or 2% less, lost more than 3% on the Parisian market, reaching a price of 602.4 euros, and infected other players in the sector, such as Kering. (-0.82%), Dior (-2.97%) and Hermès (-1.34%).
Back in Spain, the textile giant Inditex closed negotiations this Wednesday with an unprecedented market capitalization of 171.3 billion euros. In addition, it is worth noting that Inditex shares exceeded the unprecedented level of 55 euros during several trading stages – it set an intraday maximum of 55.14 euros – although at the close it gave up this level at minimum. Likewise, it should be noted that the title closed last Monday for the first time in its history at 54 euros.
Thus, since the beginning of this year, the company founded by Amancio Ortega and now managed by his daughter, Marta Ortega, accumulates a stock market revaluation of 39.39%being the fourth best value in the annual calculation – it is only surpassed by Banco Sabadell (+66.58%), CaixaBank (+45.95%) and the airline group IAG (+42.11%) -.
The last bullish “rally” that broke historic highs occurred since September 11, when the company communicated its accounts to the market, while since that day it has accumulated an increase of almost 19%practically half of everything grew in 2024. In addition, the textile conglomerate announced in September that it had reached a turnover of 2.655 million euros in Spain during the first half of its 2024-2025 financial year (between the 1st February and July 31), which represents an increase of 9.4% compared to the same period of the previous year.
It should be noted that the capitalization of Inditex (171.3 billion euros) exceeds the sum of the two most important listed companies of the Ibex 35, Iberdrola (90.2 billion) and Banco Santander (71.4 billion ).
Among the analysts who cover Inditex, entities such as DZ Bank stand out, which recommends “buy” and sets the stock a price target of 60 euros, or Banco Sabadell and Banco Santander, which give the stock Inditex has a price target of 58 and 57.2 euros respectively. Likewise, Bernstein today changed his view on Inditex’s price target: he raised it from 51 to 60 euros.
