Societe Generale Analysts Give Zalando (ZAL) a €51.00 Price Target
Zalando (FRA:ZAL) has been given a €51.00 ($60.71) price target by analysts at Societe Generale in a report issued on Tuesday. The firm currently has a “neutral” rating on the stock. Societe Generale’s price target points to a potential upside of 13.33% from the stock’s previous close.
A number of other research analysts also recently issued reports on the company. Morgan Stanley set a €55.00 ($65.48) price objective on Zalando and gave the stock a “buy” rating in a report on Friday, December 8th. Goldman Sachs Group set a €43.00 ($51.19) price objective on Zalando and gave the stock a “neutral” rating in a report on Thursday, October 19th. Credit Suisse Group set a €45.00 ($53.57) price objective on Zalando and gave the stock a “buy” rating in a report on Monday, November 13th. equinet set a €48.00 ($57.14) price objective on Zalando and gave the stock a “buy” rating in a report on Monday, September 11th. Finally, Commerzbank set a €48.00 ($57.14) price objective on Zalando and gave the stock a “buy” rating in a report on Tuesday, October 10th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and twelve have given a buy rating to the company’s stock. Zalando currently has an average rating of “Hold” and a consensus target price of €44.93 ($53.48).
Zalando (FRA:ZAL) opened at €45.00 ($53.57) on Tuesday. The stock has a market capitalization of $11,140.00 and a PE ratio of 112.50. Zalando has a fifty-two week low of €34.94 ($41.60) and a fifty-two week high of €46.35 ($55.18).
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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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