Zalando (ZAL) PT Set at €41.00 by Royal Bank of Canada

Zalando (FRA:ZAL) has been given a €41.00 ($48.81) target price by Royal Bank of Canada in a research note issued on Friday. The brokerage presently has a “sell” rating on the stock. Royal Bank of Canada’s price target suggests a potential downside of 13.23% from the company’s previous close.

ZAL has been the subject of several other research reports. Commerzbank set a €48.00 ($57.14) price objective on shares of Zalando and gave the company a “buy” rating in a research report on Tuesday, October 10th. Credit Suisse Group set a €47.50 ($56.55) price target on shares of Zalando and gave the stock a “buy” rating in a research report on Wednesday, October 4th. UBS Group set a €35.00 ($41.67) price target on shares of Zalando and gave the stock a “sell” rating in a research report on Wednesday, December 20th. Berenberg Bank set a €33.00 ($39.29) price target on shares of Zalando and gave the stock a “sell” rating in a research report on Monday, October 23rd. Finally, Deutsche Bank set a €34.00 ($40.48) price target on shares of Zalando and gave the stock a “sell” rating in a research report on Monday, October 2nd. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of €44.98 ($53.55).

Shares of Zalando (FRA ZAL) traded up €0.38 ($0.45) during mid-day trading on Friday, reaching €47.25 ($56.25). 587,349 shares of the company traded hands. Zalando has a 12-month low of €35.49 ($42.25) and a 12-month high of €49.86 ($59.36). The company has a market cap of $11,710.00 and a P/E ratio of 118.13.

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About Zalando

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.

Analyst Recommendations for Zalando (FRA:ZAL)

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