Zalando (FRA:ZAL) has been assigned a €36.00 ($41.86) price objective by Commerzbank in a report issued on Tuesday. The brokerage currently has a “neutral” rating on the stock. Commerzbank’s price objective indicates a potential upside of 12.61% from the company’s current price.
ZAL has been the subject of a number of other reports. Kepler Capital Markets set a €46.00 ($53.49) price objective on shares of Zalando and gave the stock a “neutral” rating in a research report on Monday, September 3rd. DZ Bank restated a “sell” rating on shares of Zalando in a research report on Wednesday, July 11th. Baader Bank set a €56.00 ($65.12) price objective on shares of Zalando and gave the stock a “buy” rating in a research report on Tuesday, October 30th. Morgan Stanley set a €44.00 ($51.16) price objective on shares of Zalando and gave the stock a “buy” rating in a research report on Monday. Finally, Warburg Research set a €55.00 ($63.95) price objective on shares of Zalando and gave the stock a “buy” rating in a research report on Monday, July 23rd. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of €41.11 ($47.81).
FRA:ZAL opened at €31.97 ($37.17) on Tuesday. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98).
Zalando Company Profile
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.
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