Credit Suisse Group Analysts Give Zalando (FRA:ZAL) a €44.00 Price Target
Credit Suisse Group set a €44.00 ($51.16) target price on Zalando (FRA:ZAL) in a report released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
Several other research analysts have also recently commented on the stock. Kepler Capital Markets set a €80.00 ($93.02) price target on shares of Fresenius Medical Care AG & Co. KGaA and gave the stock a buy rating in a report on Thursday, May 2nd. Baader Bank set a €67.00 ($77.91) price target on shares of Hugo Boss and gave the stock a buy rating in a report on Thursday, May 23rd. Royal Bank of Canada cut shares of Zayo Group from an outperform rating to a sector perform rating and boosted their price target for the stock from $33.00 to $35.00 in a report on Wednesday, May 8th. Berenberg Bank reiterated a hold rating and set a GBX 95 ($1.24) price target on shares of Gem Diamonds in a report on Wednesday, May 8th. Finally, UBS Group cut shares of to a neutral rating and lowered their price target for the stock from GBX 870 ($11.37) to GBX 650 ($8.49) in a report on Wednesday, June 19th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Zalando presently has a consensus rating of Hold and a consensus price target of €36.99 ($43.01).
FRA ZAL traded up €0.70 ($0.81) on Monday, hitting €41.83 ($48.64). 479,035 shares of the stock were exchanged. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98). The firm has a 50-day simple moving average of €37.79.
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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