Zalando (ZAL) Given a €48.15 Price Target by Barclays Analysts
Zalando (FRA:ZAL) has been given a €48.15 ($57.32) price target by equities research analysts at Barclays in a note issued to investors on Thursday. The brokerage currently has a “buy” rating on the stock. Barclays’ target price would suggest a potential upside of 2.27% from the company’s current price.
A number of other research firms also recently issued reports on ZAL. equinet set a €44.50 ($52.98) target price on shares of Zalando and gave the company a “buy” rating in a report on Thursday. Royal Bank of Canada set a €35.00 ($41.67) target price on shares of Zalando and gave the company a “sell” rating in a report on Thursday. Goldman Sachs Group set a €43.00 ($51.19) target price on shares of Zalando and gave the company a “neutral” rating in a report on Thursday. Deutsche Bank set a €34.00 ($40.48) target price on shares of Zalando and gave the company a “sell” rating in a report on Thursday. Finally, Oddo Bhf set a €30.00 ($35.71) target price on shares of Zalando and gave the company a “sell” rating in a report on Thursday. Five analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the stock. Zalando presently has an average rating of “Hold” and a consensus target price of €44.36 ($52.81).
Zalando (ZAL) opened at €47.08 ($56.05) on Thursday. The firm has a market cap of $11,580.00 and a P/E ratio of 117.70. Zalando has a 52-week low of €34.94 ($41.60) and a 52-week high of €46.68 ($55.57).
TRADEMARK VIOLATION NOTICE: This article was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/18/zalando-zal-given-a-48-15-price-target-by-barclays-analysts.html.
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.
Receive News & Ratings for Zalando Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando and related companies with MarketBeat.com's FREE daily email newsletter.