Zalando (ZAL) Given a €43.00 Price Target by Goldman Sachs Group Analysts
Zalando (FRA:ZAL) has been assigned a €43.00 ($51.19) target price by equities researchers at Goldman Sachs Group in a report released on Friday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target points to a potential downside of 4.89% from the stock’s current price.
A number of other research firms have also recently weighed in on ZAL. Morgan Stanley set a €55.00 ($65.48) price target on Zalando and gave the stock a “buy” rating in a report on Friday, December 8th. Kepler Capital Markets set a €46.00 ($54.76) price target on Zalando and gave the stock a “neutral” rating in a report on Monday, December 18th. Baader Bank set a €48.00 ($57.14) price target on Zalando and gave the stock a “buy” rating in a report on Wednesday, December 20th. UBS Group set a €35.00 ($41.67) price target on Zalando and gave the stock a “sell” rating in a report on Monday. Finally, Commerzbank set a €47.00 ($55.95) price target on Zalando and gave the stock a “buy” rating in a report on Thursday, December 7th. Four equities research analysts have rated the stock with a sell rating, three have issued a hold rating and thirteen have issued a buy rating to the company. Zalando has a consensus rating of “Hold” and a consensus price target of €45.08 ($53.66).
Shares of Zalando (FRA ZAL) opened at €45.21 ($53.82) on Friday. The firm has a market cap of $11,160.00 and a P/E ratio of 113.03. Zalando has a one year low of €34.94 ($41.60) and a one year high of €46.35 ($55.18).
Zalando Company Profile
Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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