Zalando (FRA:ZAL) PT Set at €35.00 by UBS Group

Zalando (FRA:ZAL) has been given a €35.00 ($40.70) price objective by equities research analysts at UBS Group in a report issued on Monday, Borsen Zeitung reports. The firm presently has a “sell” rating on the stock. UBS Group’s target price suggests a potential downside of 8.18% from the stock’s previous close.

A number of other research firms have also recently commented on ZAL. Baader Bank set a €56.00 ($65.12) target price on Zalando and gave the stock a “buy” rating in a research report on Thursday, October 31st. Warburg Research set a €45.00 ($52.33) target price on Zalando and gave the stock a “buy” rating in a research report on Monday, November 4th. Barclays set a €51.00 ($59.30) target price on Zalando and gave the stock a “buy” rating in a research report on Friday, November 1st. Independent Research set a €44.00 ($51.16) target price on Zalando and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Finally, Hauck & Aufhaeuser set a €45.00 ($52.33) target price on Zalando and gave the stock a “neutral” rating in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of €41.94 ($48.76).

Shares of ZAL traded up €0.82 ($0.95) during midday trading on Monday, reaching €38.12 ($44.33). 618,804 shares of the stock were exchanged. The business’s 50-day moving average price is €40.63 and its 200 day moving average price is €40.61. Zalando has a twelve month low of €36.33 ($42.24) and a twelve month 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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Analyst Recommendations for Zalando (FRA:ZAL)

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