Zalando (ZAL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Zalando (FRA:ZAL) have received a consensus rating of “Hold” from the twenty-two ratings firms that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is €46.70 ($54.31).

A number of brokerages have weighed in on ZAL. Citigroup set a €56.00 ($65.12) price objective on shares of Zalando and gave the stock a “buy” rating in a report on Tuesday, March 6th. Royal Bank of Canada set a €46.00 ($53.49) price objective on shares of Zalando and gave the stock a “neutral” rating in a report on Thursday, March 1st. Deutsche Bank set a €34.00 ($39.53) price objective on shares of Zalando and gave the stock a “sell” rating in a report on Friday, March 2nd. Societe Generale set a €51.00 ($59.30) price objective on shares of Zalando and gave the stock a “neutral” rating in a report on Friday, March 2nd. Finally, Barclays set a €51.00 ($59.30) target price on shares of Zalando and gave the stock a “buy” rating in a research note on Friday, March 2nd.

Shares of ZAL opened at €46.94 ($54.58) on Thursday. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98).

Zalando Company Profile

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.

Analyst Recommendations for Zalando (FRA:ZAL)

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