Zalando (ZAL) Given a €35.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a €35.00 ($41.67) price objective on Zalando (FRA:ZAL) in a report issued on Thursday. The brokerage currently has a sell rating on the stock.

Several other research firms also recently issued reports on ZAL. Deutsche Bank set a €34.00 ($40.48) price target on shares of Zalando and gave the company a sell rating in a research report on Monday, October 2nd. Hauck & Aufhaeuser set a €48.00 ($57.14) price target on shares of Zalando and gave the company a buy rating in a research report on Thursday, November 30th. Kepler Capital Markets set a €46.00 ($54.76) price objective on Zalando and gave the company a neutral rating in a research note on Monday, December 18th. Oddo Bhf set a €30.00 ($35.71) price objective on Zalando and gave the company a sell rating in a research note on Thursday. Finally, JPMorgan Chase & Co. set a €35.00 ($41.67) price objective on Zalando and gave the company a neutral rating in a research note on Tuesday, October 3rd. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have issued a buy rating to the company’s stock. Zalando has an average rating of Hold and a consensus price target of €44.36 ($52.81).

Zalando (FRA ZAL) traded up €1.08 ($1.29) during midday trading on Thursday, reaching €47.88 ($57.00). 3,396 shares of the company traded hands. Zalando has a twelve month low of €34.94 ($41.60) and a twelve month high of €48.22 ($57.40). The firm has a market cap of $11,980.00 and a P/E ratio of 119.70.

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About Zalando

Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.

Analyst Recommendations for Zalando (FRA:ZAL)

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