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) price objective on Zalando (FRA:ZAL) in a research note issued to investors on Wednesday, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued reports about the stock. Baader Bank set a €56.00 ($65.12) target price on shares of Zalando and gave the company a buy rating in a research report on Friday, October 11th. Hauck & Aufhaeuser set a €45.00 ($52.33) price objective on shares of Zalando and gave the stock a neutral rating in a report on Tuesday, September 17th. Independent Research set a €50.00 ($58.14) price objective on shares of Zalando and gave the stock a neutral rating in a report on Friday, August 2nd. Kepler Capital Markets set a €48.00 ($55.81) price objective on shares of Zalando and gave the stock a neutral rating in a report on Wednesday, September 18th. Finally, Deutsche Bank set a €42.00 ($48.84) price objective on shares of Zalando and gave the stock a neutral rating in a report on Friday, August 2nd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. Zalando has a consensus rating of Hold and a consensus price target of €41.06 ($47.74).

Zalando stock traded up €0.50 ($0.58) during mid-day trading on Wednesday, hitting €39.35 ($45.76). 812,157 shares of the company traded hands. 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 €41.54 and a 200-day moving average price of €40.78.

About Zalando

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.

See Also: Front-End Load

Analyst Recommendations for Zalando (FRA:ZAL)

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