Zalando (ZAL) Given a €32.00 Price Target at UBS Group

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UBS Group set a €32.00 ($37.21) price objective on Zalando (FRA:ZAL) in a research note issued to investors on Friday, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Several other brokerages have also issued reports on ZAL. Baader Bank set a €38.00 ($44.19) target price on Zalando and gave the stock a buy rating in a research note on Tuesday, April 16th. Barclays set a €45.00 ($52.33) target price on Zalando and gave the stock a buy rating in a research note on Tuesday, April 16th. Goldman Sachs Group set a €35.00 ($40.70) target price on Zalando and gave the stock a neutral rating in a research note on Tuesday, April 16th. Warburg Research set a €44.00 ($51.16) price objective on Zalando and gave the company a neutral rating in a research note on Wednesday, April 17th. Finally, Independent Research set a €40.00 ($46.51) price objective on Zalando and gave the company a neutral rating in a research note on Tuesday, April 16th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of €36.28 ($42.18).

Shares of ZAL opened at €37.31 ($43.38) on Friday. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98).

About Zalando

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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