Zalando (FRA:ZAL – Get Rating) received a €26.00 ($26.53) price objective from research analysts at Berenberg Bank in a research report issued to clients and investors on Wednesday, Borsen Zeitung reports. Berenberg Bank’s price target points to a potential downside of 13.30% from the company’s previous close.
Several other brokerages also recently commented on ZAL. The Goldman Sachs Group set a €42.00 ($42.86) target price on shares of Zalando in a research note on Monday. Barclays set a €25.00 ($25.51) target price on shares of Zalando in a research note on Monday, November 7th. Baader Bank set a €30.00 ($30.61) target price on shares of Zalando in a research note on Thursday, November 3rd. Warburg Research set a €52.00 ($53.06) target price on shares of Zalando in a research note on Thursday, November 3rd. Finally, UBS Group set a €48.00 ($48.98) target price on shares of Zalando in a research note on Thursday, November 3rd.
Zalando Stock Performance
Shares of FRA:ZAL opened at €29.99 ($30.60) on Wednesday. Zalando has a 52 week low of €36.33 ($37.07) and a 52 week high of €49.86 ($50.88). The company’s fifty day moving average is €24.16 and its 200-day moving average is €27.06.
Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.
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