Zalando (ZAL) Given a €34.00 Price Target by Deutsche Bank Analysts
Zalando (FRA:ZAL) has been given a €34.00 ($40.48) target price by Deutsche Bank in a research report issued on Thursday. The firm currently has a “sell” rating on the stock. Deutsche Bank’s target price points to a potential downside of 29.05% from the stock’s current price.
ZAL has been the topic of several other reports. Commerzbank set a €48.00 ($57.14) target price on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, October 10th. Credit Suisse Group set a €47.50 ($56.55) target price on shares of Zalando and gave the company a “buy” rating in a report on Wednesday, October 4th. UBS Group set a €35.00 ($41.67) target price on shares of Zalando and gave the company a “sell” rating in a report on Wednesday, December 20th. Berenberg Bank set a €33.00 ($39.29) target price on shares of Zalando and gave the company a “sell” rating in a report on Monday, October 23rd. Finally, Goldman Sachs Group set a €43.00 ($51.19) target price on shares of Zalando and gave the company a “neutral” rating in a report on Friday, January 5th. Five research analysts have rated the stock with a sell rating, four have given a hold rating and twelve have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of €44.36 ($52.81).
Zalando (FRA ZAL) opened at €47.92 ($57.05) on Thursday. The firm has a market cap of $11,980.00 and a PE ratio of 119.80. Zalando has a fifty-two week low of €34.94 ($41.60) and a fifty-two week high of €48.22 ($57.40).
Zalando Company Profile
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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