UBS Group set a €64.00 ($71.91) target price on Zalando (FRA:ZAL) in a report released on Wednesday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
Several other research analysts also recently commented on ZAL. Berenberg Bank set a €25.00 ($28.09) price objective on Zalando and gave the company a sell rating in a research note on Monday, May 11th. Kepler Capital Markets set a €48.00 ($53.93) price objective on Zalando and gave the company a neutral rating in a research note on Tuesday, March 31st. JPMorgan Chase & Co. set a €47.00 ($52.81) target price on Zalando and gave the stock a neutral rating in a research note on Wednesday, June 17th. Warburg Research set a €51.00 ($57.30) target price on Zalando and gave the stock a buy rating in a research note on Thursday, June 18th. Finally, Hauck & Aufhaeuser set a €84.00 ($94.38) target price on Zalando and gave the stock a buy rating in a research note on Thursday, June 18th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of €56.91 ($63.95).
FRA ZAL opened at €65.16 ($73.21) on Wednesday. The business has a fifty day moving average price of €61.82 and a 200 day moving average price of €47.55. Zalando has a one year low of €36.33 ($40.82) and a one year high of €49.86 ($56.02).
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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