equinet AG Reiterates €48.00 Price Target for Zalando SE (ZAL)

Zalando SE (FRA:ZAL) has been given a €48.00 ($56.47) target price by research analysts at equinet AG in a note issued to investors on Thursday. The firm presently has a “buy” rating on the stock.

A number of other research analysts have also weighed in on the stock. Baader Bank set a €48.00 ($56.47) price objective on shares of Zalando SE and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada set a €35.00 ($41.18) price objective on shares of Zalando SE and gave the company a “sell” rating in a research note on Monday, July 24th. Berenberg Bank set a €33.00 ($38.82) price objective on shares of Zalando SE and gave the company a “sell” rating in a research note on Friday, July 21st. J P Morgan Chase & Co set a €35.00 ($41.18) price objective on shares of Zalando SE and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Finally, Goldman Sachs Group, Inc. (The) set a €43.00 ($50.59) price objective on shares of Zalando SE and gave the company a “neutral” rating in a research note on Wednesday, July 19th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of €45.74 ($53.81).

Shares of Zalando SE (FRA:ZAL) opened at 39.559 on Thursday. Zalando SE has a 12 month low of €33.49 and a 12 month high of €45.37. The firm has a market cap of €10.09 billion and a P/E ratio of 85.811. The company’s 50-day moving average price is €39.67 and its 200-day moving average price is €39.21.

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Analyst Recommendations for Zalando SE (FRA:ZAL)

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