Royal Bank of Canada set a €52.00 ($60.47) target price on Zalando (FRA:ZAL) in a research note published on Tuesday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

ZAL has been the subject of a number of other reports. Kepler Capital Markets set a €27.00 ($31.40) price target on shares of Zalando and gave the company a neutral rating in a report on Thursday, May 2nd. Barclays set a €46.80 ($54.42) price target on shares of Zalando and gave the company a buy rating in a report on Friday, May 3rd. Goldman Sachs Group set a €43.00 ($50.00) price target on shares of Zalando and gave the company a neutral rating in a report on Thursday, August 1st. Deutsche Bank set a €42.00 ($48.84) price target on shares of Zalando and gave the company a neutral rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. set a €28.00 ($32.56) price target on shares of Zalando and gave the company a neutral rating in a report on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of €38.94 ($45.28).

Shares of FRA:ZAL opened at €39.21 ($45.59) on Tuesday. The company has a 50-day moving average price of €41.38 and a 200 day moving average price of €36.70. Zalando has a 12 month low of €36.33 ($42.24) and a 12 month high of €49.86 ($57.98).

Zalando Company Profile

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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Analyst Recommendations for Zalando (FRA:ZAL)

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