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Zara soars high
INDITEX shares have shot up since the textile giant, which owns Zara and other fashion labels, presented record quarterly figures on June 7.
The shares went above €34 for the first time in six years and now approach their alltime high of €34.85 in June 2017
On June 14 they stood at €34.21, an increase of 7.5 per cent following Inditex’s quarterly figures, giving the company a value of €106.6 billion.
According to financial daily Cinco Dias, 65.7 per cent of investment and trading analysts recommend buying Inditex now. A further 28.6 per cent advised those who already had shares to hang on to them, while just 5.7 per cent said they should sell.
