Hauck & Aufhaeuser set a €45.00 ($52.33) target price on Zalando (FRA:ZAL) in a research note issued to investors on Thursday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other research firms have also issued reports on ZAL. Royal Bank of Canada set a €35.00 ($40.70) target price on Zalando and gave the stock a buy rating in a research note on Thursday, February 28th. Goldman Sachs Group set a €35.00 ($40.70) price target on Zalando and gave the company a neutral rating in a research report on Tuesday, April 16th. Barclays set a €45.00 ($52.33) price target on Zalando and gave the company a buy rating in a research report on Thursday, February 28th. Baader Bank set a €38.00 ($44.19) price target on Zalando and gave the company a buy rating in a research report on Friday, January 25th. Finally, JPMorgan Chase & Co. set a €28.00 ($32.56) price target on Zalando and gave the company a neutral rating in a research report on Thursday, May 2nd. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of €36.38 ($42.31).
ZAL opened at €38.38 ($44.63) on Thursday. 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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