Independent Research set a €40.00 ($46.51) target price on Zalando (FRA:ZAL) in a research report released on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other analysts have also recently weighed in on the company. Deutsche Bank set a €34.00 ($39.53) price target on Zalando and gave the stock a neutral rating in a research report on Monday, March 11th. Berenberg Bank set a €14.00 ($16.28) price target on Zalando and gave the stock a sell rating in a research report on Friday, February 15th. Hauck & Aufhaeuser set a €43.00 ($50.00) price target on Zalando and gave the stock a buy rating in a research report on Wednesday, January 23rd. Kepler Capital Markets set a €27.00 ($31.40) price target on Zalando and gave the stock a neutral rating in a research report on Tuesday, December 18th. Finally, UBS Group set a €30.00 ($34.88) price target on Zalando and gave the stock a neutral rating in a research report on Tuesday, December 18th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and a consensus price target of €35.55 ($41.34).
ZAL opened at €41.21 ($47.92) on Tuesday. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98).
Zalando Company Profile
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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