Berenberg Bank set a €21.00 ($24.42) price objective on Zalando (FRA:ZAL) in a report issued on Tuesday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Other equities analysts have also issued reports about the stock. Independent Research set a €50.00 ($58.14) price target on shares of Zalando and gave the stock a neutral rating in a report on Friday, August 2nd. UBS Group set a €32.00 ($37.21) price target on shares of Zalando and gave the stock a sell rating in a report on Thursday, August 1st. Barclays set a €51.00 ($59.30) price target on shares of Zalando and gave the stock a buy rating in a report on Tuesday, August 13th. Baader Bank set a €50.00 ($58.14) price target on shares of Zalando and gave the stock a buy rating in a report on Thursday, August 1st. Finally, Goldman Sachs Group set a €43.00 ($50.00) price target on shares of Zalando and gave the stock a neutral rating in a report on Thursday, August 1st. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. Zalando presently has a consensus rating of Hold and a consensus price target of €40.17 ($46.71).

FRA ZAL opened at €40.48 ($47.07) on Tuesday. The firm’s fifty day simple moving average is €43.49 and its two-hundred day simple moving average is €39.40. Zalando has a 12-month low of €36.33 ($42.24) and a 12-month high of €49.86 ($57.98).

Zalando Company Profile

Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.

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Analyst Recommendations for Zalando (FRA:ZAL)

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