Zalando (FRA:ZAL) Given a €26.00 Price Target at Berenberg Bank

Berenberg Bank set a €26.00 ($26.53) price objective on Zalando (FRA:ZALGet Rating) in a research report report published on Thursday morning, Borsen Zeitung reports.

A number of other equities analysts have also recently issued reports on ZAL. JPMorgan Chase & Co. set a €34.00 ($34.69) target price on Zalando in a report on Wednesday, September 7th. Hauck Aufhäuser Investment Banking set a €55.00 ($56.12) price target on Zalando in a research report on Tuesday, June 28th. Bank of America set a €18.00 ($18.37) price target on Zalando in a research report on Friday, June 24th. UBS Group set a €48.00 ($48.98) price target on Zalando in a research report on Wednesday, August 24th. Finally, Morgan Stanley set a €34.00 ($34.69) price target on Zalando in a research report on Monday, July 4th.

Zalando Stock Down 6.4 %

Shares of ZAL opened at €20.00 ($20.41) on Thursday. Zalando has a 12-month low of €36.33 ($37.07) and a 12-month high of €49.86 ($50.88). The business has a 50-day simple moving average of €25.94 and a two-hundred day simple moving average of €33.43.

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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