Zalando (FRA:ZAL) received a €48.00 ($57.14) target price from equities researchers at Baader Bank in a report issued on Wednesday. The firm presently has a “buy” rating on the stock. Baader Bank’s target price would indicate a potential upside of 0.17% from the company’s previous close.
A number of other research firms have also recently commented on ZAL. Commerzbank set a €47.00 ($55.95) price target on Zalando and gave the company a “buy” rating in a research note on Wednesday. Warburg Research set a €53.00 ($63.10) price target on Zalando and gave the company a “buy” rating in a research note on Tuesday, October 17th. JPMorgan Chase & Co. set a €35.00 ($41.67) price target on Zalando and gave the company a “neutral” rating in a research note on Wednesday. Kepler Capital Markets set a €50.00 ($59.52) price target on Zalando and gave the company a “buy” rating in a research note on Friday, October 13th. Finally, Citigroup set a €53.00 ($63.10) price target on Zalando and gave the company a “buy” rating in a research note on Wednesday, October 18th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of €44.36 ($52.81).
Shares of Zalando (FRA:ZAL) traded up €0.60 ($0.71) during mid-day trading on Wednesday, reaching €47.92 ($57.05). The company had a trading volume of 458,809 shares. Zalando has a 12 month low of €34.94 ($41.60) and a 12 month high of €47.85 ($56.96). The company has a market capitalization of $11,970.00 and a P/E ratio of 119.80.
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Zalando SE operates as an online fashion retailer in Europe. The company offers a range of products, including clothes, shoes, and accessories for women, men, and children. Zalando SE also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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