Zalando (ZAL) Given a €41.00 Price Target at Royal Bank of Canada

Zalando (FRA:ZAL) has been assigned a €41.00 ($48.81) price objective by analysts at Royal Bank of Canada in a note issued to investors on Friday. The firm presently has a “sell” rating on the stock. Royal Bank of Canada’s target price points to a potential downside of 13.23% from the company’s current price.

Several other analysts have also recently issued reports on the stock. Morgan Stanley set a €55.00 ($65.48) price target on shares of Zalando and gave the stock a “buy” rating in a research report on Friday, December 8th. Goldman Sachs Group set a €43.00 ($51.19) price target on shares of Zalando and gave the stock a “neutral” rating in a research report on Thursday, October 19th. UBS Group set a €35.00 ($41.67) price target on shares of Zalando and gave the stock a “sell” rating in a research report on Monday, January 1st. Credit Suisse Group set a €45.00 ($53.57) price target on shares of Zalando and gave the stock a “buy” rating in a research report on Monday, November 13th. Finally, Baader Bank set a €48.00 ($57.14) price target on shares of Zalando and gave the stock a “buy” rating in a research report on Wednesday, December 20th. 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. The stock has a consensus rating of “Hold” and an average price target of €44.98 ($53.55).

Shares of Zalando (ZAL) opened at €47.25 ($56.25) on Friday. The stock has a market cap of $11,710.00 and a PE ratio of 118.13. Zalando has a 1 year low of €35.49 ($42.25) and a 1 year high of €49.86 ($59.36).

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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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