Zalando (FRA:ZAL) received a €56.00 ($65.12) target price from investment analysts at Baader Bank in a research note issued to investors on Monday, Borsen Zeitung reports. The brokerage currently has a “buy” rating on the stock. Baader Bank’s price objective suggests a potential upside of 36.75% from the company’s previous close.
Several other equities analysts have also recently commented on the stock. JPMorgan Chase & Co. set a €30.00 ($34.88) price target on shares of Zalando and gave the company a “neutral” rating in a research report on Thursday, October 31st. Independent Research set a €46.00 ($53.49) price objective on shares of Zalando and gave the stock a “neutral” rating in a research report on Thursday, December 5th. Berenberg Bank set a €21.00 ($24.42) price objective on shares of Zalando and gave the stock a “sell” rating in a research report on Friday, November 1st. Kepler Capital Markets set a €48.00 ($55.81) price objective on shares of Zalando and gave the stock a “neutral” rating in a research report on Wednesday, September 18th. Finally, Royal Bank of Canada set a €52.00 ($60.47) price target on shares of Zalando and gave the stock a “buy” rating in a research note on Wednesday, October 30th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the company. Zalando has an average rating of “Hold” and an average price target of €42.13 ($48.98).
Shares of ZAL stock opened at €40.95 ($47.62) on Monday. Zalando has a 52 week low of €36.33 ($42.24) and a 52 week high of €49.86 ($57.98). The firm has a 50 day moving average of €39.68 and a two-hundred day moving average of €40.59.
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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