Baader Bank set a €85.00 ($95.51) target price on Zalando (FRA:ZAL) in a report issued on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
A number of other research firms have also recently commented on ZAL. Warburg Research set a €51.00 ($57.30) price target on shares of Zalando and gave the company a buy rating in a report on Thursday, July 16th. Hauck & Aufhaeuser set a €84.00 ($94.38) target price on Zalando and gave the stock a buy rating in a report on Thursday, July 16th. JPMorgan Chase & Co. set a €53.00 ($59.55) price target on Zalando and gave the company a neutral rating in a report on Thursday, July 16th. Independent Research set a €80.00 ($89.89) price objective on Zalando and gave the stock a buy rating in a report on Thursday, July 16th. Finally, Deutsche Bank set a €84.00 ($94.38) target price on shares of Zalando and gave the company a buy rating in a research note on Monday, July 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of €62.09 ($69.76).
FRA:ZAL opened at €61.24 ($68.81) on Thursday. Zalando has a fifty-two week low of €36.33 ($40.82) and a fifty-two week high of €49.86 ($56.02). The firm has a 50-day simple moving average of €64.21 and a two-hundred day simple moving average of €49.64.
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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