Brokerages Set Zalando (ZAL) Target Price at $46.70

Shares of Zalando (FRA:ZAL) have been given an average recommendation of “Hold” by the twenty-two brokerages that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is €46.70 ($55.60).

ZAL has been the topic of several recent research reports. Commerzbank set a €54.00 ($64.29) price objective on Zalando and gave the stock a “buy” rating in a report on Tuesday, February 6th. Royal Bank of Canada set a €55.00 ($65.48) price objective on Zalando and gave the stock a “buy” rating in a report on Monday, March 12th. Nord/LB set a €52.00 ($61.90) price objective on Zalando and gave the stock a “buy” rating in a report on Tuesday, April 17th. Barclays set a €51.00 ($60.71) price objective on Zalando and gave the stock a “buy” rating in a report on Friday, March 2nd. Finally, Societe Generale set a €51.00 ($60.71) price objective on Zalando and gave the stock a “neutral” rating in a report on Friday, March 2nd.

Zalando opened at €45.56 ($54.24) on Friday, Marketbeat Ratings reports. Zalando has a 1-year low of €36.33 ($43.25) and a 1-year high of €49.86 ($59.36).

About Zalando

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.

Analyst Recommendations for Zalando (FRA:ZAL)

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