Zalando (FRA:ZAL) has been given a €56.00 ($65.12) price objective by stock analysts at Baader Bank in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. The firm currently has a “buy” rating on the stock. Baader Bank’s price objective indicates a potential upside of 48.78% from the stock’s previous close.
A number of other equities research analysts have also recently commented on ZAL. Goldman Sachs Group set a €44.00 ($51.16) price target on shares of Zalando and gave the stock a “neutral” rating in a report on Thursday, October 31st. Independent Research set a €44.00 ($51.16) price objective on shares of Zalando and gave the company a “neutral” rating in a research note on Thursday, October 31st. Barclays set a €51.00 ($59.30) price objective on shares of Zalando and gave the company a “buy” rating in a research note on Friday, November 1st. Hauck & Aufhaeuser set a €45.00 ($52.33) price objective on shares of Zalando and gave the company a “neutral” rating in a research note on Tuesday, September 17th. Finally, Kepler Capital Markets set a €48.00 ($55.81) price objective on shares of Zalando and gave the company a “neutral” rating in a research note on Wednesday, September 18th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. Zalando has an average rating of “Hold” and a consensus target price of €41.94 ($48.76).
FRA:ZAL opened at €37.64 ($43.77) on Thursday. The firm’s 50 day moving average is €40.68 and its 200 day moving average is €40.63. Zalando has a 12 month low of €36.33 ($42.24) and a 12 month 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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