Zalando (FRA:ZAL) has been assigned a €44.50 ($52.98) price target by analysts at equinet in a note issued to investors on Thursday. The firm currently has a “buy” rating on the stock. equinet’s price objective would indicate a potential downside of 7.06% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on ZAL. Baader Bank set a €48.00 ($57.14) price target on Zalando and gave the stock a “buy” rating in a report on Monday, September 25th. Hauck & Aufhaeuser set a €48.00 ($57.14) price target on Zalando and gave the stock a “buy” rating in a report on Wednesday, September 27th. Deutsche Bank set a €34.00 ($40.48) price target on Zalando and gave the stock a “sell” rating in a report on Monday, October 2nd. JPMorgan Chase & Co. set a €35.00 ($41.67) price target on Zalando and gave the stock a “neutral” rating in a report on Tuesday, October 3rd. Finally, Credit Suisse Group set a €47.50 ($56.55) price target on Zalando and gave the stock a “buy” rating in a report on Wednesday, October 4th. Five 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. Zalando presently has an average rating of “Hold” and a consensus price target of €44.36 ($52.81).
Shares of Zalando (FRA ZAL) traded up €1.08 ($1.29) during mid-day trading on Thursday, hitting €47.88 ($57.00). The stock had a trading volume of 3,396 shares. The stock has a market cap of $11,980.00 and a P/E ratio of 119.70. Zalando has a fifty-two week low of €34.94 ($41.60) and a fifty-two week high of €48.22 ($57.40).
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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