Baader Bank set a €36.00 ($41.86) target price on Zalando (FRA:ZAL) in a research report released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
ZAL has been the subject of a number of other research reports. Goldman Sachs Group set a €46.00 ($53.49) price objective on Zalando and gave the company a neutral rating in a research note on Thursday, February 27th. JPMorgan Chase & Co. set a €34.00 ($39.53) price objective on Zalando and gave the company a neutral rating in a research note on Tuesday, January 21st. Berenberg Bank set a €21.00 ($24.42) price target on Zalando and gave the company a sell rating in a research report on Wednesday, February 26th. Independent Research set a €44.00 ($51.16) price target on Zalando and gave the company a neutral rating in a research report on Monday, March 2nd. Finally, Royal Bank of Canada set a €53.00 ($61.63) price target on Zalando and gave the company a buy rating in a research report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of €43.38 ($50.44).
Shares of FRA:ZAL opened at €36.24 ($42.14) on Monday. The business has a fifty day moving average price of €40.13 and a two-hundred day moving average price of €41.85. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98).
Zalando Company Profile
Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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