Zalando (FRA:ZAL) has been given a €52.00 ($64.20) target price by equities researchers at Nord/LB in a note issued to investors on Tuesday. The firm currently has a “buy” rating on the stock. Nord/LB’s price objective would suggest a potential upside of 17.65% from the stock’s previous close.
Several other research firms have also recently commented on ZAL. Hauck & Aufhaeuser set a €48.00 ($59.26) target price on shares of Zalando and gave the stock a “neutral” rating in a research note on Monday, January 22nd. Royal Bank of Canada set a €46.00 ($56.79) target price on shares of Zalando and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Macquarie set a €58.00 ($71.60) target price on shares of Zalando and gave the stock a “buy” rating in a research note on Friday, January 26th. Baader Bank set a €55.00 ($67.90) target price on shares of Zalando and gave the stock a “buy” rating in a research note on Tuesday, February 27th. Finally, equinet set a €44.50 ($54.94) price objective on shares of Zalando and gave the company a “buy” rating in a research note on Thursday, January 18th. Four investment analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of €46.70 ($57.66).
ZAL stock traded up €0.99 ($1.22) during midday trading on Tuesday, hitting €44.20 ($54.57). The stock had a trading volume of 338,282 shares. Zalando has a 12-month low of €36.33 ($44.85) and a 12-month high of €49.86 ($61.56).
TRADEMARK VIOLATION NOTICE: This piece was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.dispatchtribunal.com/2018/04/17/nord-lb-analysts-give-zalando-zal-a-52-00-price-target.html.
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.
Receive News & Ratings for Zalando Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando and related companies with MarketBeat.com's FREE daily email newsletter.