Zalando (FRA:ZAL) has been assigned a €67.00 ($75.28) price target by analysts at Credit Suisse Group in a research note issued to investors on Monday, Borsen Zeitung reports. The firm presently has a “buy” rating on the stock. Credit Suisse Group’s price objective points to a potential upside of 6.93% from the stock’s current price.
Several other research analysts also recently issued reports on ZAL. Goldman Sachs Group set a €64.00 ($71.91) price objective on Zalando and gave the stock a “neutral” rating in a report on Thursday, June 18th. Independent Research set a €73.00 ($82.02) price target on Zalando and gave the company a “buy” rating in a research note on Thursday, June 18th. UBS Group set a €32.50 ($36.52) price target on Zalando and gave the company a “sell” rating in a research note on Thursday, May 14th. Royal Bank of Canada set a €73.00 ($82.02) price target on Zalando and gave the company a “buy” rating in a research note on Wednesday, June 17th. Finally, Morgan Stanley set a €32.00 ($35.96) price target on Zalando and gave the company a “neutral” rating in a research note on Tuesday, May 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of €54.59 ($61.34).
FRA:ZAL opened at €62.66 ($70.40) on Monday. The stock’s fifty day moving average price is €59.50 and its two-hundred day moving average price is €46.42. Zalando has a 52-week low of €36.33 ($40.82) and a 52-week high of €49.86 ($56.02).
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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