Berenberg Bank set a €92.00 ($108.24) target price on Zalando (FRA:ZAL) in a research note issued to investors on Wednesday, Borsen Zeitung reports.
ZAL has been the subject of several other reports. Deutsche Bank Aktiengesellschaft set a €120.00 ($141.18) target price on shares of Zalando in a research note on Tuesday, August 31st. Royal Bank of Canada set a €121.00 ($142.35) price target on shares of Zalando in a research report on Tuesday, September 7th. Warburg Research set a €97.00 ($114.12) price target on shares of Zalando in a research report on Thursday, August 5th. UBS Group set a €122.00 ($143.53) price target on shares of Zalando in a research report on Thursday, August 5th. Finally, JPMorgan Chase & Co. set a €100.00 ($117.65) price objective on shares of Zalando in a research note on Thursday, August 5th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, Zalando presently has a consensus rating of Buy and an average price target of €104.06 ($122.42).
Shares of FRA:ZAL opened at €85.00 ($100.00) on Wednesday. The company has a 50 day moving average of €94.58 and a 200-day moving average of €92.21. Zalando has a twelve month low of €36.33 ($42.74) and a twelve month high of €49.86 ($58.66).
Zalando SE operates as an online fashion and lifestyle retailer. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children, as well as free delivery and returns services. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, MÃ¼nster, Stuttgart, Mannheim, and Ulm.
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