Credit Suisse Group set a €44.00 ($51.16) target price on Zalando (FRA:ZAL) in a research note published on Monday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also recently issued reports on ZAL. JPMorgan Chase & Co. raised their price target on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a research note on Friday, July 5th. Goldman Sachs Group raised shares of DUFRY AG/ADR to a hold rating in a research note on Friday, July 5th. Baader Bank set a €67.00 ($77.91) price target on shares of Hugo Boss and gave the stock a buy rating in a research note on Thursday, May 23rd. Deutsche Bank set a €34.00 ($39.53) price target on shares of Zalando and gave the stock a neutral rating in a research note on Monday, March 11th. Finally, Kepler Capital Markets set a €80.00 ($93.02) price target on shares of Fresenius Medical Care AG & Co. KGaA and gave the stock a buy rating in a research note on Thursday, May 2nd. Five investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company. Zalando currently has an average rating of Hold and a consensus target price of €36.99 ($43.01).
FRA ZAL traded up €0.70 ($0.81) during trading hours on Monday, reaching €41.83 ($48.64). The company’s stock had a trading volume of 479,035 shares. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98). The business’s 50-day moving average price is €37.79.
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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