Baader Bank set a €36.00 ($41.86) price objective on Zalando (FRA:ZAL) in a research note released on Monday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other equities analysts have also issued reports on the company. Sanford C. Bernstein set a €52.80 ($61.40) price target on Zalando and gave the stock a buy rating in a research report on Friday, March 6th. Barclays set a €44.30 ($51.51) price target on Zalando and gave the stock a buy rating in a research report on Monday. Nord/LB set a €40.00 ($46.51) price target on Zalando and gave the stock a neutral rating in a research report on Monday, January 13th. UBS Group set a €35.00 ($40.70) price target on Zalando and gave the stock a sell rating in a research report on Wednesday, March 4th. Finally, Goldman Sachs Group set a €46.00 ($53.49) price target on Zalando and gave the stock a neutral rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of €43.38 ($50.44).
ZAL opened at €36.24 ($42.14) on Monday. The stock’s 50 day simple moving average is €40.13 and its 200 day simple moving average is €41.85. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98).
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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