Independent Research set a €46.00 ($53.49) price target on Zalando (FRA:ZAL) in a report published on Thursday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Several other brokerages have also weighed in on ZAL. JPMorgan Chase & Co. set a €30.00 ($34.88) target price on Zalando and gave the stock a neutral rating in a research report on Thursday, October 31st. Kepler Capital Markets set a €48.00 ($55.81) price target on Zalando and gave the company a neutral rating in a research report on Wednesday, September 18th. Baader Bank set a €56.00 ($65.12) price target on Zalando and gave the company a buy rating in a research report on Tuesday, December 3rd. Warburg Research set a €45.00 ($52.33) price target on Zalando and gave the stock a buy rating in a research note on Monday, November 4th. Finally, UBS Group set a €35.00 ($40.70) price objective on Zalando and gave the stock a sell rating in a report on Monday, November 11th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of €42.06 ($48.91).
Shares of FRA ZAL opened at €41.47 ($48.22) on Thursday. Zalando has a 52-week low of €36.33 ($42.24) and a 52-week high of €49.86 ($57.98). The firm has a fifty day moving average of €39.72 and a 200-day moving average of €40.51.
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.
Recommended Story: What is the Difference Between Common Shares and Convertible Shares?
Receive News & Ratings for Zalando Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando and related companies with MarketBeat.com's FREE daily email newsletter.