Royal Bank of Canada Reiterates “€52.00” Price Target for Zalando (FRA:ZAL)

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Zalando (FRA:ZAL) has been given a €52.00 ($60.47) price objective by equities researchers at Royal Bank of Canada in a note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Royal Bank of Canada’s target price suggests a potential upside of 26.95% from the company’s previous close.

A number of other equities analysts have also commented on the stock. Berenberg Bank set a €21.00 ($24.42) price target on shares of Zalando and gave the stock a “sell” rating in a report on Monday, August 5th. Independent Research set a €50.00 ($58.14) price target on shares of Zalando and gave the stock a “neutral” rating in a report on Friday, August 2nd. Baader Bank set a €50.00 ($58.14) price target on shares of Zalando and gave the stock a “buy” rating in a report on Thursday, August 1st. Goldman Sachs Group set a €43.00 ($50.00) price target on shares of Zalando and gave the stock a “neutral” rating in a report on Thursday, August 1st. Finally, UBS Group set a €32.00 ($37.21) price target on shares of Zalando and gave the stock a “sell” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of €38.94 ($45.28).

Shares of FRA:ZAL opened at €40.96 ($47.63) on Tuesday. The business has a fifty day moving average of €41.35. Zalando has a one year low of €36.33 ($42.24) and a one year 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.

Further Reading: What is the Difference Between Common Shares and Convertible Shares?

Analyst Recommendations for Zalando (FRA:ZAL)

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