equinet Reiterates €44.50 Price Target for Zalando (ZAL)

equinet set a €44.50 ($54.94) price target on Zalando (FRA:ZAL) in a research note published on Thursday, January 18th. The firm currently has a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada set a €35.00 ($43.21) price target on Zalando and gave the company a sell rating in a research report on Thursday, January 18th. Goldman Sachs Group set a €43.00 ($53.09) price objective on Zalando and gave the stock a neutral rating in a report on Thursday, January 18th. Deutsche Bank set a €34.00 ($41.98) price objective on Zalando and gave the stock a sell rating in a report on Thursday, January 18th. Oddo Bhf set a €30.00 ($37.04) price objective on Zalando and gave the stock a sell rating in a report on Thursday, January 18th. Finally, Baader Bank set a €48.00 ($59.26) price objective on Zalando and gave the stock a buy rating in a report on Wednesday, January 17th. Five investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company’s stock. Zalando presently has an average rating of Hold and a consensus target price of €45.32 ($55.95).

Shares of Zalando (FRA:ZAL) traded down €0.44 ($0.54) during mid-day trading on Thursday, hitting €44.16 ($54.52). The company had a trading volume of 547,060 shares. Zalando has a one year low of €35.49 ($43.81) and a one year high of €49.86 ($61.56). The stock has a market capitalization of $11,140.00 and a P/E ratio of 110.40.

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About Zalando

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.

Analyst Recommendations for Zalando (FRA:ZAL)

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