Zalando (FRA:ZAL) Given a €50.00 Price Target by Independent Research Analysts

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Independent Research set a €50.00 ($58.14) price target on Zalando (FRA:ZAL) in a research report sent to investors on Friday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

Several other analysts have also issued reports on ZAL. UBS Group set a €32.00 ($37.21) target price on shares of Zalando and gave the company a sell rating in a research report on Thursday, August 1st. Royal Bank of Canada set a €50.00 ($58.14) price target on shares of Zalando and gave the company a buy rating in a report on Thursday, August 1st. Baader Bank set a €50.00 ($58.14) price target on shares of Zalando and gave the company a buy rating in a report on Thursday, August 1st. JPMorgan Chase & Co. set a €28.00 ($32.56) price target on shares of Zalando and gave the company a neutral rating in a report on Thursday, August 1st. Finally, Deutsche Bank set a €42.00 ($48.84) price target on shares of Zalando and gave the company a neutral rating in a report on Friday. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Zalando currently has a consensus rating of Hold and a consensus target price of €38.15 ($44.36).

Shares of FRA ZAL opened at €42.85 ($49.83) on Friday. The firm’s 50 day simple moving average is €40.68. Zalando has a 12-month low of €36.33 ($42.24) and a 12-month high of €49.86 ($57.98).

About Zalando

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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Analyst Recommendations for Zalando (FRA:ZAL)

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