Zalando (OTCMKTS:ZLNDY – Get Rating) had its target price reduced by Credit Suisse Group from €35.00 ($35.71) to €33.00 ($33.67) in a research report report published on Wednesday, The Fly reports. They currently have an outperform rating on the stock.
ZLNDY has been the topic of several other research reports. Morgan Stanley cut their price objective on Zalando from €56.00 ($57.14) to €38.00 ($38.78) in a report on Monday, June 20th. Deutsche Bank Aktiengesellschaft cut their price objective on Zalando from €76.00 ($77.55) to €42.00 ($42.86) and set a buy rating on the stock in a report on Friday, June 24th. The Goldman Sachs Group cut Zalando from a conviction-buy rating to a buy rating in a research note on Friday, June 24th. Barclays lowered their target price on Zalando from €30.00 ($30.61) to €28.00 ($28.57) in a research note on Thursday, September 8th. Finally, Berenberg Bank lowered their target price on Zalando from €36.00 ($36.73) to €26.00 ($26.53) and set a hold rating on the stock in a research note on Friday, September 9th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $42.72.
Zalando Trading Down 2.8 %
Shares of ZLNDY opened at $10.30 on Wednesday. The business’s 50-day moving average price is $13.06 and its 200 day moving average price is $17.62. The company has a current ratio of 1.57, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $5.43 billion, a P/E ratio of 147.14, a P/E/G ratio of 4.80 and a beta of 1.64. Zalando has a 1-year low of $10.30 and a 1-year high of $52.01.
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.
- Get a free copy of the StockNews.com research report on Zalando (ZLNDY)
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