Zalando (FRA:ZAL) has been given a €43.00 ($51.19) price target by equities research analysts at Goldman Sachs Group in a note issued to investors on Thursday. The brokerage presently has a “neutral” rating on the stock. Goldman Sachs Group’s target price suggests a potential downside of 10.19% from the company’s current price.
Several other brokerages have also recently weighed in on ZAL. Oddo Bhf set a €30.00 ($35.71) price objective on shares of Zalando and gave the stock a “sell” rating in a research note on Thursday. Deutsche Bank set a €34.00 ($40.48) price objective on shares of Zalando and gave the stock a “sell” rating in a research note on Thursday. Commerzbank set a €47.00 ($55.95) target price on shares of Zalando and gave the company a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. set a €35.00 ($41.67) target price on shares of Zalando and gave the company a “neutral” rating in a report on Wednesday. Finally, Baader Bank set a €48.00 ($57.14) target price on shares of Zalando and gave the company a “buy” rating in a report on Wednesday. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of €44.36 ($52.81).
Shares of Zalando (FRA:ZAL) traded up €1.08 ($1.29) during trading on Thursday, reaching €47.88 ($57.00). 3,396 shares of the company’s stock traded hands. Zalando has a twelve month low of €34.94 ($41.60) and a twelve month high of €48.22 ($57.40). The firm has a market cap of $11,980.00 and a PE ratio of 119.70.
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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