Zalando (ZAL) PT Set at €42.00 by Independent Research
Zalando (FRA:ZAL) has been given a €42.00 ($48.84) price objective by stock analysts at Independent Research in a research report issued on Thursday, Borsen Zeitung reports. The firm presently has a “neutral” rating on the stock. Independent Research’s price objective indicates a potential upside of 3.40% from the stock’s previous close.
Several other research analysts have also commented on ZAL. Hauck & Aufhaeuser set a €43.00 ($50.00) price target on Zalando and gave the stock a “buy” rating in a research report on Monday, February 18th. Goldman Sachs Group set a €34.00 ($39.53) price target on Zalando and gave the stock a “neutral” rating in a research report on Friday, February 1st. Baader Bank set a €38.00 ($44.19) price target on Zalando and gave the stock a “buy” rating in a research report on Thursday, February 28th. Barclays set a €45.00 ($52.33) price target on Zalando and gave the stock a “buy” rating in a research report on Thursday, February 28th. Finally, Credit Suisse Group set a €37.00 ($43.02) price target on Zalando and gave the stock a “buy” rating in a research report on Wednesday, February 27th. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of €34.79 ($40.45).
ZAL stock opened at €40.62 ($47.23) on Thursday. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98).
Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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