Zalando (ZAL) Given a €42.00 Price Target by Goldman Sachs Group Analysts
Zalando (FRA:ZAL) received a €42.00 ($51.85) price target from equities researchers at Goldman Sachs Group in a research report issued to clients and investors on Friday. The firm presently has a “neutral” rating on the stock. Goldman Sachs Group’s price target points to a potential downside of 2.03% from the stock’s previous close.
A number of other brokerages have also weighed in on ZAL. Hauck & Aufhaeuser set a €48.00 ($59.26) price target on Zalando and gave the stock a “buy” rating in a research note on Thursday, November 30th. Kepler Capital Markets set a €46.00 ($56.79) price target on Zalando and gave the stock a “neutral” rating in a research note on Monday, December 18th. Oddo Bhf set a €30.00 ($37.04) price target on Zalando and gave the stock a “sell” rating in a research note on Thursday, January 18th. Deutsche Bank set a €34.00 ($41.98) price target on Zalando and gave the stock a “sell” rating in a research note on Thursday, January 18th. Finally, Royal Bank of Canada set a €46.00 ($56.79) price target on Zalando and gave the stock a “neutral” rating in a research note on Wednesday, February 21st. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of €46.07 ($56.87).
Zalando (FRA:ZAL) opened at €42.87 ($52.93) on Friday. Zalando has a 52 week low of €35.49 ($43.81) and a 52 week high of €49.86 ($61.56). The firm has a market capitalization of $10,640.00 and a price-to-earnings ratio of 107.18.
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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