Zalando (ZAL) PT Set at €34.00 by Deutsche Bank
Zalando (FRA:ZAL) received a €34.00 ($41.98) target price from equities research analysts at Deutsche Bank in a note issued to investors on Friday. The firm presently has a “sell” rating on the stock. Deutsche Bank’s price objective indicates a potential downside of 20.69% from the company’s previous close.
ZAL has been the topic of several other research reports. Baader Bank set a €48.00 ($59.26) price objective on Zalando and gave the company a “buy” rating in a research report on Tuesday, November 7th. Independent Research set a €48.00 ($59.26) price target on Zalando and gave the stock a “neutral” rating in a research report on Friday. Royal Bank of Canada set a €35.00 ($43.21) price target on Zalando and gave the stock a “sell” rating in a research report on Monday, November 13th. Credit Suisse Group set a €45.00 ($55.56) price target on Zalando and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Commerzbank set a €54.00 ($66.67) price target on Zalando and gave the stock a “buy” rating in a research report on Tuesday, February 6th. Four research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of €46.07 ($56.87).
Zalando (FRA:ZAL) opened at €42.87 ($52.93) on Friday. The company has a market capitalization of $10,640.00 and a price-to-earnings ratio of 107.18. Zalando has a 12-month low of €35.49 ($43.81) and a 12-month high of €49.86 ($61.56).
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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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