UBS Group set a €35.00 ($40.70) price target on Zalando (FRA:ZAL) in a research note published on Monday morning, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.
ZAL has been the topic of several other reports. Royal Bank of Canada set a €52.00 ($60.47) price objective on shares of Zalando and gave the company a buy rating in a research report on Wednesday, October 30th. Goldman Sachs Group set a €44.00 ($51.16) price objective on shares of Zalando and gave the company a neutral rating in a research report on Thursday, October 31st. Independent Research set a €44.00 ($51.16) price objective on shares of Zalando and gave the company a neutral rating in a research report on Thursday, October 31st. Berenberg Bank set a €21.00 ($24.42) price objective on shares of Zalando and gave the company a sell rating in a research report on Friday, November 1st. Finally, JPMorgan Chase & Co. set a €30.00 ($34.88) price objective on shares of Zalando and gave the company a neutral rating in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Zalando presently has an average rating of Hold and an average target price of €41.94 ($48.76).
Shares of ZAL traded up €0.82 ($0.95) during trading hours on Monday, hitting €38.12 ($44.33). The company had a trading volume of 618,804 shares. The business has a fifty day moving average of €40.63 and a 200-day moving average of €40.61. Zalando has a 12 month low of €36.33 ($42.24) and a 12 month high of €49.86 ($57.98).
Zalando SE operates as an online fashion and lifestyle retailer in Europe. It offers a range of products, including shoes, apparel, accessories, and beauty products for women, men, and children. The company also sells its products through its Zalando Lounge; and brick-and-mortar stores in Berlin, Frankfurt am main, and Cologne.
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