Zalando SE (FRA:ZAL) Given Average Recommendation of “Buy” by Brokerages

Zalando SE (FRA:ZALGet Rating) has been assigned an average rating of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is €88.81 ($96.54).

A number of brokerages have recently commented on ZAL. UBS Group set a €87.00 ($94.57) price objective on shares of Zalando in a research note on Monday, April 4th. Hauck and Aufhaeuser set a €70.00 ($76.09) price objective on shares of Zalando in a research note on Wednesday, April 6th. Berenberg Bank set a €52.00 ($56.52) price objective on shares of Zalando in a research note on Monday, March 7th. Kepler Capital Markets set a €77.00 ($83.70) price objective on shares of Zalando in a research note on Monday, January 10th. Finally, Credit Suisse Group set a €74.00 ($80.43) price objective on shares of Zalando in a research note on Thursday, March 3rd.

Shares of FRA:ZAL opened at €44.14 ($47.98) on Thursday. Zalando has a twelve month low of €36.33 ($39.49) and a twelve month high of €49.86 ($54.20). The company’s 50 day moving average is €53.02 and its 200 day moving average is €67.12.

Zalando Company Profile (Get Rating)

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, Münster, Stuttgart, Mannheim, and Ulm.

Further Reading

Analyst Recommendations for Zalando (FRA:ZAL)

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