Warburg Research set a €44.00 ($51.16) price objective on Zalando (FRA:ZAL) in a report published on Wednesday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other equities analysts have also recently commented on ZAL. Hauck & Aufhaeuser set a €45.00 ($52.33) price target on Zalando and gave the stock a buy rating in a research note on Monday, April 15th. Goldman Sachs Group set a €35.00 ($40.70) target price on Zalando and gave the company a neutral rating in a research note on Tuesday, April 16th. Baader Bank set a €38.00 ($44.19) target price on Zalando and gave the company a buy rating in a research note on Tuesday, April 16th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the company a buy rating in a research note on Tuesday, April 16th. Finally, UBS Group set a €34.00 ($39.53) target price on Zalando and gave the company a neutral rating in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the stock. Zalando has a consensus rating of Hold and an average price target of €34.68 ($40.33).
Shares of Zalando stock opened at €41.64 ($48.42) on Wednesday. Zalando has a one year low of €36.33 ($42.24) and a one year high of €49.86 ($57.98).
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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