Mediobanca recommends selling Inditex actions and the percentage of this Council is the highest from the pandemic

Little by little, analysts who abandon their optimism with Inditex’s actions are increasingly. This Wednesday, the textile giant received a cold water When modifying the mediable team, his recommendation what to do with the firm’s actions: in front of keeping that he previously advises, now The Investment Bank believes that it is time to sell them.

The worsening of its recommendation is also accompanied by a cut of the objective price: Mediobanca has gone from assessing Inditex shares in the 45 euros to see them now in the 44 euros at the end of the next 12 months. Both prices already meant to see the largest company in the Spanish stock market quoting below the current price. Now, specifically, with this assessment, they estimate that Inditex has a potential 15%drop.

With your change of advice, The percentage of those analysts who recommend getting rid of inditex titles on a 16% scale. These are: Alphavalue, RBC Capital, Morningstar and Alantra Equities. Since March 2020, in full crisis for the pandemic, there were not so many experts hanging this poster to the Galician company.

At the moment, there are already investors who follow the Council of Mediobanca and this modification leaves falls in the inditex price that are around 0.7%. Although light, this setback places the company as one of the most bearish values ​​of Ibex 35 this Wednesday.

Despite all this, the majority position of the experts continues to take positions in the price of the company, with 48%, compared to 35% that opts to maintain. On average, analysts set the target price for Inditex at 52.86 euros per share. This assessment, despite being the highest received, It barely allows the company to continue growing in the stock market by 2% on current levels.

In addition, this price assumes that Inditex would not return, at least during the coming months, to mark new historical maximums in the stock market, which established last year at 55.98 euros. However, even a dozen experts do offer valuations above this price, two of them even raise them above 60 euros (with this price, the Inditex market value would touch the 187,000 million).