Zalando (FRA:ZAL) Given a €60.00 Price Target at Royal Bank of Canada

Royal Bank of Canada set a €60.00 ($63.16) price target on Zalando (FRA:ZAL – Get Rating) in a research report released on Monday, Borsen Zeitung reports.

Several other research analysts have also recently weighed in on ZAL. UBS Group set a €87.00 ($91.58) target price on Zalando in a report on Thursday, May 5th. Hauck and Aufhaeuser set a €70.00 ($73.68) target price on Zalando in a report on Friday, May 6th. Baader Bank set a €41.00 ($43.16) target price on Zalando in a report on Tuesday, May 17th. Morgan Stanley set a €38.00 ($40.00) target price on Zalando in a report on Friday, June 17th. Finally, JPMorgan Chase & Co. set a €90.00 ($94.74) target price on Zalando in a report on Thursday, May 5th.

ZAL stock opened at €25.54 ($26.88) on Monday. The business’s 50-day moving average is €35.37 and its 200 day moving average is €51.96. Zalando has a 12-month low of €36.33 ($38.24) and a 12-month high of €49.86 ($52.48).

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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