Royal Bank of Canada Analysts Give Zalando (FRA:ZAL) a €35.00 Price Target

Zalando (FRA:ZALGet Rating) has been given a €35.00 ($35.71) price target by Royal Bank of Canada in a note issued to investors on Friday, Borsen Zeitung reports. Royal Bank of Canada’s price target would indicate a potential upside of 75.00% from the company’s previous close.

ZAL has been the topic of several other research reports. Bank of America set a €18.00 ($18.37) price objective on Zalando in a research report on Friday, June 24th. Barclays set a €28.00 ($28.57) target price on Zalando in a research report on Wednesday, September 7th. JPMorgan Chase & Co. set a €34.00 ($34.69) target price on Zalando in a research report on Wednesday, September 7th. Deutsche Bank Aktiengesellschaft set a €42.00 ($42.86) target price on Zalando in a research report on Thursday, August 4th. Finally, Hauck Aufhäuser Investment Banking set a €55.00 ($56.12) target price on Zalando in a research report on Tuesday, June 28th.

Zalando Trading Down 6.4 %

Zalando stock traded down €1.36 ($1.39) during mid-day trading on Friday, hitting €20.00 ($20.41). The company had a trading volume of 1,733,172 shares. Zalando has a 12-month low of €36.33 ($37.07) and a 12-month high of €49.86 ($50.88). The company’s fifty day moving average is €25.94 and its 200-day moving average is €33.43.

About Zalando

(Get Rating)

Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.

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