Berenberg Bank Reiterates €21.00 Price Target for Zalando (ZAL)

Zalando (FRA:ZAL) has been assigned a €21.00 ($24.42) price objective by research analysts at Berenberg Bank in a research report issued on Wednesday, Borsen Zeitung reports. The firm currently has a “sell” rating on the stock. Berenberg Bank’s price target would suggest a potential downside of 47.36% from the stock’s current price.

ZAL has been the subject of several other reports. UBS Group set a €34.00 ($39.53) price objective on Zalando and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Hauck & Aufhaeuser set a €43.00 ($50.00) price objective on Zalando and gave the company a “buy” rating in a research note on Wednesday, January 23rd. Deutsche Bank set a €34.00 ($39.53) price objective on Zalando and gave the company a “neutral” rating in a research note on Monday, March 11th. Warburg Research set a €44.00 ($51.16) price objective on Zalando and gave the company a “neutral” rating in a research note on Wednesday, April 17th. Finally, Barclays set a €45.00 ($52.33) price objective on Zalando and gave the company a “buy” rating in a research note on Wednesday, March 6th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of €35.91 ($41.76).

FRA ZAL opened at €39.89 ($46.38) on Wednesday. Zalando has a 1-year low of €36.33 ($42.24) and a 1-year 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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