Zalando (FRA:ZAL) has been assigned a €32.00 ($37.21) target price by equities research analysts at Societe Generale in a report issued on Wednesday. The brokerage presently has a “neutral” rating on the stock. Societe Generale’s price objective indicates a potential upside of 2.73% from the company’s previous close.
Several other equities research analysts have also issued reports on the stock. Bank of America set a €37.00 ($43.02) target price on shares of Zalando and gave the stock a “sell” rating in a report on Thursday, September 6th. Warburg Research set a €54.00 ($62.79) target price on shares of Zalando and gave the stock a “buy” rating in a report on Wednesday, August 15th. Goldman Sachs Group set a €40.00 ($46.51) target price on shares of Zalando and gave the stock a “neutral” rating in a report on Monday, September 24th. Morgan Stanley set a €55.00 ($63.95) price objective on shares of Zalando and gave the company a “buy” rating in a report on Tuesday, September 18th. Finally, Credit Suisse Group set a €40.00 ($46.51) price objective on shares of Zalando and gave the company a “neutral” rating in a report on Tuesday, September 18th. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of €41.60 ($48.37).
Zalando stock opened at €31.15 ($36.22) on Wednesday. Zalando has a 12-month low of €36.33 ($42.24) and a 12-month high of €49.86 ($57.98).
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.
Further Reading: Fundamental Analysis and Individual Investors
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