Zalando SE (ZAL) Receives Average Recommendation of “Hold” from Analysts
Zalando SE (FRA:ZAL) has been given an average rating of “Hold” by the twenty-three analysts that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a sell recommendation, eight have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is €43.39 ($50.45).
ZAL has been the subject of a number of research analyst reports. Commerzbank set a €54.00 ($62.79) price target on Zalando and gave the company a “buy” rating in a research report on Friday, July 27th. DZ Bank restated a “sell” rating on shares of Zalando in a research report on Wednesday, July 11th. JPMorgan Chase & Co. set a €39.00 ($45.35) price target on Zalando and gave the company a “neutral” rating in a research report on Friday, August 3rd. Warburg Research set a €55.00 ($63.95) price target on Zalando and gave the company a “buy” rating in a research report on Monday, July 23rd. Finally, Oddo Bhf set a €30.00 ($34.88) price target on Zalando and gave the company a “sell” rating in a research report on Monday, August 6th.
Zalando stock traded down €0.43 ($0.50) during midday trading on Friday, reaching €33.80 ($39.30). The company’s stock had a trading volume of 726,085 shares. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98).
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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