Zalando (OTCMKTS:ZLNDY) Price Target Cut to €55.00

Zalando (OTCMKTS:ZLNDYGet Rating) had its price objective lowered by JPMorgan Chase & Co. from €90.00 ($94.74) to €55.00 ($57.89) in a report released on Friday morning, The Fly reports.

Several other analysts have also commented on ZLNDY. Zacks Investment Research raised shares of Zalando from a sell rating to a hold rating in a research note on Friday. Morgan Stanley cut their target price on shares of Zalando from €92.00 ($96.84) to €56.00 ($58.95) and set an equal weight rating for the company in a research note on Friday, March 11th. Bryan, Garnier & Co lowered shares of Zalando to a neutral rating in a research note on Friday, March 4th. UBS Group reduced their price target on shares of Zalando from €101.00 ($106.32) to €96.50 ($101.58) in a research report on Tuesday, January 25th. Finally, Citigroup reduced their price target on shares of Zalando from €88.00 ($92.63) to €48.00 ($50.53) and set a neutral rating for the company in a research report on Monday, April 25th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of Buy and an average target price of $59.30.

Shares of Zalando stock traded up $0.12 on Friday, hitting $17.53. The company had a trading volume of 238,270 shares, compared to its average volume of 100,173. The business has a 50-day simple moving average of $24.56 and a 200-day simple moving average of $35.07. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.64 and a quick ratio of 1.01. The company has a market cap of $9.19 billion, a PE ratio of 31.34 and a beta of 1.49. Zalando has a 52 week low of $16.98 and a 52 week high of $62.11.

About Zalando (Get Rating)

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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