Zalando (FRA:ZAL) has been given a €87.00 ($102.35) target price by equities research analysts at Goldman Sachs Group in a research note issued to investors on Tuesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Goldman Sachs Group’s price target would indicate a potential upside of 15.48% from the stock’s current price.
A number of other research firms have also recently weighed in on ZAL. UBS Group set a €65.00 ($76.47) price objective on shares of Zalando and gave the stock a “neutral” rating in a report on Wednesday, August 19th. Berenberg Bank set a €31.00 ($36.47) target price on shares of Zalando and gave the company a “sell” rating in a research report on Friday, July 17th. Barclays set a €78.30 ($92.12) target price on shares of Zalando and gave the company a “buy” rating in a research report on Thursday, September 3rd. Independent Research set a €85.00 ($100.00) target price on shares of Zalando and gave the company a “buy” rating in a research report on Tuesday, September 8th. Finally, Morgan Stanley set a €45.00 ($52.94) target price on shares of Zalando and gave the company a “neutral” rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of €67.96 ($79.95).
Shares of ZAL stock traded down €2.12 ($2.49) during trading hours on Tuesday, reaching €75.34 ($88.64). The stock had a trading volume of 544,022 shares. Zalando has a twelve month low of €36.33 ($42.74) and a twelve month high of €49.86 ($58.66). The firm has a 50-day simple moving average of €70.43 and a 200-day simple moving average of €55.67.
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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