Zalando (ZAL) Given a €50.00 Price Target at Royal Bank of Canada

Zalando (FRA:ZAL) has been assigned a €50.00 ($58.14) price target by Royal Bank of Canada in a note issued to investors on Wednesday, Borsen Zeitung reports. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 24.53% from the stock’s previous close.

Several other equities research analysts have also issued reports on ZAL. Independent Research set a €42.00 ($48.84) target price on shares of Zalando and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Credit Suisse Group set a €42.50 ($49.42) target price on shares of Zalando and gave the stock a “buy” rating in a research note on Friday, May 3rd. Goldman Sachs Group set a €43.00 ($50.00) target price on shares of Zalando and gave the stock a “neutral” rating in a research note on Wednesday. UBS Group set a €34.00 ($39.53) target price on shares of Zalando and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Finally, Kepler Capital Markets set a €27.00 ($31.40) target price on shares of Zalando and gave the stock a “neutral” rating in a research note on Thursday, May 2nd. Four 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 stock. The stock has an average rating of “Hold” and an average price target of €36.38 ($42.31).

ZAL traded up €0.10 ($0.12) during midday trading on Wednesday, hitting €40.15 ($46.69). 269,473 shares of the company were exchanged. Zalando has a 1-year low of €36.33 ($42.24) and a 1-year high of €49.86 ($57.98).

About Zalando

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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