UBS Group set a €35.00 ($40.70) price objective on Zalando (FRA:ZAL) in a research report sent to investors on Tuesday morning, www.boersen-zeitung.de reports. The brokerage currently has a sell rating on the stock.
Several other brokerages have also recently issued reports on ZAL. Baader Bank set a €56.00 ($65.12) target price on Zalando and gave the stock a buy rating in a research report on Tuesday, October 30th. Warburg Research set a €54.00 ($62.79) price objective on Zalando and gave the stock a buy rating in a research note on Tuesday, September 18th. Goldman Sachs Group set a €43.00 ($50.00) price objective on Zalando and gave the stock a neutral rating in a research note on Tuesday, September 18th. Credit Suisse Group set a €40.00 ($46.51) price objective on Zalando and gave the stock a neutral rating in a research note on Tuesday, September 18th. Finally, DZ Bank reaffirmed a sell rating on shares of Zalando in a research note on Wednesday, July 11th. Four analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of €41.60 ($48.37).
Shares of FRA:ZAL opened at €31.40 ($36.51) on Tuesday. Zalando has a 52-week low of €36.33 ($42.24) and a 52-week high of €49.86 ($57.98).
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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