Zalando (FRA:ZAL) has been assigned a €46.00 ($53.49) target price by equities researchers at Independent Research in a research note issued on Thursday, Borsen Zeitung reports. The firm currently has a “neutral” rating on the stock. Independent Research’s price objective would suggest a potential upside of 8.24% from the stock’s previous close.
Other research analysts have also recently issued research reports about the company. Berenberg Bank set a €21.00 ($24.42) target price on Zalando and gave the company a “sell” rating in a research report on Friday, November 1st. Baader Bank set a €56.00 ($65.12) target price on Zalando and gave the company a “buy” rating in a research report on Tuesday. UBS Group set a €35.00 ($40.70) target price on Zalando and gave the company a “sell” rating in a research report on Monday, November 11th. Kepler Capital Markets set a €48.00 ($55.81) target price on Zalando and gave the company a “neutral” rating in a research report on Wednesday, September 18th. Finally, Warburg Research set a €45.00 ($52.33) target price on Zalando and gave the company a “buy” rating in a research report on Monday, November 4th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of €42.06 ($48.91).
Shares of Zalando stock opened at €42.50 ($49.42) on Thursday. Zalando has a 52 week low of €36.33 ($42.24) and a 52 week high of €49.86 ($57.98). The stock has a 50 day moving average price of €39.74 and a two-hundred day moving average price of €40.47.
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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