Zalando (FRA:ZAL) has been assigned a €35.00 ($40.70) price objective by equities researchers at UBS Group in a report issued on Monday, Borsen Zeitung reports. The brokerage currently has a “sell” rating on the stock. UBS Group’s price target points to a potential downside of 5.94% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the company. Royal Bank of Canada set a €52.00 ($60.47) price target on Zalando and gave the company a “buy” rating in a report on Wednesday, October 30th. Goldman Sachs Group set a €44.00 ($51.16) price target on Zalando and gave the company a “neutral” rating in a report on Thursday, October 31st. Berenberg Bank set a €21.00 ($24.42) price target on Zalando and gave the company a “sell” rating in a report on Friday, November 1st. Macquarie set a €55.00 ($63.95) price target on Zalando and gave the company a “buy” rating in a report on Tuesday, September 24th. Finally, Hauck & Aufhaeuser set a €45.00 ($52.33) price target on Zalando and gave the company a “neutral” rating in a report on Tuesday, September 17th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of €41.94 ($48.76).
Shares of FRA ZAL traded down €0.18 ($0.21) during trading hours on Monday, hitting €37.21 ($43.27). 429,397 shares of the company’s stock were exchanged. Zalando has a 1-year low of €36.33 ($42.24) and a 1-year high of €49.86 ($57.98). The company’s 50-day moving average price is €40.88 and its 200-day moving average price is €40.72.
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.
Featured Story: What is a Swap?
Receive News & Ratings for Zalando Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando and related companies with MarketBeat.com's FREE daily email newsletter.