Zalando (FRA:ZAL – Get Rating) has been assigned a €95.00 ($102.15) target price by equities researchers at Warburg Research in a research note issued to investors on Tuesday, Borsen Zeitung reports. Warburg Research’s price objective indicates a potential upside of 117.94% from the company’s current price.
Several other research analysts have also weighed in on ZAL. The Goldman Sachs Group set a €118.00 ($126.88) target price on shares of Zalando in a research note on Tuesday, March 1st. Credit Suisse Group set a €74.00 ($79.57) target price on shares of Zalando in a research note on Thursday, March 3rd. JPMorgan Chase & Co. set a €90.00 ($96.77) target price on shares of Zalando in a research note on Monday, April 11th. UBS Group set a €87.00 ($93.55) price objective on shares of Zalando in a research note on Monday, April 4th. Finally, Royal Bank of Canada set a €110.00 ($118.28) price objective on shares of Zalando in a research note on Tuesday, March 1st. Three investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of €88.69 ($95.36).
ZAL stock traded down €0.55 ($0.59) during mid-day trading on Tuesday, hitting €43.59 ($46.87). 963,843 shares of the company were exchanged. The business has a fifty day simple moving average of €51.66 and a 200-day simple moving average of €66.26. Zalando has a 12-month low of €36.33 ($39.06) and a 12-month high of €49.86 ($53.61).
Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.
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