Zalando (FRA:ZAL) received a €35.00 ($41.67) price objective from Royal Bank of Canada in a note issued to investors on Thursday. The brokerage presently has a “sell” rating on the stock. Royal Bank of Canada’s target price would indicate a potential downside of 24.86% from the stock’s previous close.

Several other brokerages also recently weighed in on ZAL. Goldman Sachs Group set a €43.00 ($51.19) price target on shares of Zalando and gave the company a “neutral” rating in a report on Thursday. Oddo Bhf set a €30.00 ($35.71) price target on shares of Zalando and gave the company a “sell” rating in a report on Thursday. Deutsche Bank set a €34.00 ($40.48) price target on shares of Zalando and gave the company a “sell” rating in a report on Thursday. Commerzbank set a €47.00 ($55.95) price target on shares of Zalando and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. set a €35.00 ($41.67) price target on shares of Zalando and gave the company a “neutral” 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 stock. Zalando has a consensus rating of “Hold” and an average target price of €44.36 ($52.81).

Zalando (FRA ZAL) opened at €46.58 ($55.45) on Thursday. Zalando has a 1-year low of €34.94 ($41.60) and a 1-year high of €46.68 ($55.57). The firm has a market cap of $11,580.00 and a P/E ratio of 116.45.

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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.

Analyst Recommendations for Zalando (FRA:ZAL)

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