Zalando (FRA:ZAL) Given a €52.00 Price Target at Royal Bank of Canada

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Royal Bank of Canada set a €52.00 ($60.47) target price on Zalando (FRA:ZAL) in a research report sent to investors on Tuesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

Other research analysts have also recently issued reports about the company. Independent Research set a €50.00 ($58.14) target price on Zalando and gave the stock a neutral rating in a research report on Friday, August 2nd. Credit Suisse Group set a €50.00 ($58.14) target price on Zalando and gave the stock a buy rating in a research report on Monday, August 5th. Barclays set a €46.80 ($54.42) target price on Zalando and gave the stock a buy rating in a research report on Friday, May 3rd. Kepler Capital Markets set a €27.00 ($31.40) price objective on Zalando and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, Berenberg Bank set a €21.00 ($24.42) price objective on Zalando and gave the company a sell rating in a report on Monday, August 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of €38.94 ($45.28).

Shares of ZAL stock opened at €39.21 ($45.59) on Tuesday. Zalando has a one year low of €36.33 ($42.24) and a one year high of €49.86 ($57.98). The stock has a fifty day moving average price of €41.38 and a 200 day moving average price of €36.70.

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.

Further Reading: Investing in Growth Stocks

Analyst Recommendations for Zalando (FRA:ZAL)

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