Zalando (ZAL) Given a €42.00 Price Target by Royal Bank of Canada Analysts

Zalando (FRA:ZAL) has been assigned a €42.00 ($48.84) target price by research analysts at Royal Bank of Canada in a research note issued to investors on Tuesday. The brokerage presently has a “buy” rating on the stock. Royal Bank of Canada’s price target points to a potential upside of 31.37% from the stock’s current price.

A number of other research firms have also recently commented on ZAL. Baader Bank set a €56.00 ($65.12) price target on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, October 30th. Warburg Research set a €54.00 ($62.79) price target on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, September 18th. Goldman Sachs Group set a €43.00 ($50.00) price target on shares of Zalando and gave the company a “neutral” rating in a report on Tuesday, September 18th. Credit Suisse Group set a €40.00 ($46.51) price target on shares of Zalando and gave the company a “neutral” rating in a report on Tuesday, September 18th. Finally, DZ Bank reiterated a “sell” rating on shares of Zalando in a report on Wednesday, July 11th. Five equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of €41.11 ($47.81).

Shares of ZAL opened at €31.97 ($37.17) on Tuesday. Zalando has a fifty-two week low of €36.33 ($42.24) and a fifty-two week high of €49.86 ($57.98).

Zalando Company Profile

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.

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Analyst Recommendations for Zalando (FRA:ZAL)

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