Zalando (FRA:ZAL) PT Set at €32.00 by JPMorgan Chase & Co.

Zalando (FRA:ZAL – Get Rating) has been assigned a €32.00 ($32.99) price objective by JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s price target suggests a potential upside of 3.73% from the company’s previous close.

Other research analysts have also issued reports about the company. Baader Bank set a €30.00 ($30.93) target price on Zalando in a report on Thursday. Credit Suisse Group set a €35.00 ($36.08) target price on Zalando in a report on Tuesday, June 21st. Bank of America set a €18.00 ($18.56) target price on Zalando in a report on Friday, June 24th. Warburg Research set a €55.00 ($56.70) target price on Zalando in a report on Thursday, July 7th. Finally, Royal Bank of Canada set a €35.00 ($36.08) target price on Zalando in a report on Monday, August 1st.

Zalando Stock Performance

ZAL opened at €30.85 ($31.80) on Thursday. Zalando has a 52 week low of €36.33 ($37.45) and a 52 week high of €49.86 ($51.40). The business has a fifty day simple moving average of €28.51 and a 200-day simple moving average of €42.19.

About Zalando

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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.