Baader Bank set a €56.00 ($65.12) target price on Zalando (FRA:ZAL) in a research report sent to investors on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
ZAL has been the topic of a number of other research reports. Barclays set a €51.00 ($59.30) target price on Zalando and gave the stock a buy rating in a report on Friday, November 1st. Kepler Capital Markets set a €48.00 ($55.81) target price on Zalando and gave the stock a neutral rating in a report on Wednesday, September 18th. Independent Research set a €46.00 ($53.49) target price on Zalando and gave the stock a neutral rating in a report on Thursday, December 5th. Credit Suisse Group set a €50.00 ($58.14) price objective on Zalando and gave the company a buy rating in a report on Monday, November 4th. Finally, UBS Group set a €35.00 ($40.70) price objective on Zalando and gave the company a sell rating in a report on Monday, November 11th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. Zalando has a consensus rating of Hold and an average target price of €42.65 ($49.59).
Shares of ZAL opened at €46.69 ($54.29) on Monday. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98). The stock’s 50-day moving average price is €43.57 and its two-hundred day moving average price is €41.97.
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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