Sanford C. Bernstein Reiterates “€53.30” Price Target for Zalando (FRA:ZAL)

Sanford C. Bernstein set a €53.30 ($61.98) price target on Zalando (FRA:ZAL) in a report issued on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently weighed in on ZAL. Barclays set a €51.00 ($59.30) price objective on shares of Zalando and gave the stock a buy rating in a report on Friday, November 1st. Nord/LB set a €40.00 ($46.51) price objective on shares of Zalando and gave the stock a neutral rating in a report on Monday, January 13th. Warburg Research set a €55.00 ($63.95) price objective on shares of Zalando and gave the stock a buy rating in a report on Monday, January 6th. Berenberg Bank set a €21.00 ($24.42) price objective on shares of Zalando and gave the stock a sell rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. set a €34.00 ($39.53) price objective on shares of Zalando and gave the stock a neutral rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of €44.72 ($52.00).

Shares of ZAL opened at €47.47 ($55.20) on Wednesday. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98). The firm’s 50-day simple moving average is €45.55 and its two-hundred day simple moving average is €42.69.

About Zalando

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.

Further Reading: Why does a company issue an IPO?

Analyst Recommendations for Zalando (FRA:ZAL)

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.