JPMorgan Chase & Co. Analysts Give Zalando (ZAL) a €35.00 Price Target
Zalando (FRA:ZAL) has been assigned a €35.00 ($41.67) target price by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.’s target price would indicate a potential downside of 26.96% from the company’s current price.
ZAL has been the topic of a number of other research reports. Commerzbank set a €48.00 ($57.14) price target on Zalando and gave the company a “buy” rating in a report on Tuesday, October 10th. Credit Suisse Group set a €47.50 ($56.55) price target on Zalando and gave the company a “buy” rating in a report on Wednesday, October 4th. UBS Group set a €35.00 ($41.67) price target on Zalando and gave the company a “sell” rating in a report on Wednesday, December 20th. Berenberg Bank set a €33.00 ($39.29) price target on Zalando and gave the company a “sell” rating in a report on Monday, October 23rd. Finally, Deutsche Bank set a €34.00 ($40.48) price target on Zalando and gave the company a “sell” rating in a report on Monday, October 2nd. Five analysts have rated the stock with a sell rating, four have given a hold rating and twelve have assigned a buy rating to the company’s stock. Zalando currently has an average rating of “Hold” and an average price target of €44.36 ($52.81).
Zalando (ZAL) traded up €0.60 ($0.71) on Wednesday, hitting €47.92 ($57.05). The stock had a trading volume of 458,809 shares. The company has a market capitalization of $11,970.00 and a PE ratio of 119.80. Zalando has a 52 week low of €34.94 ($41.60) and a 52 week high of €47.85 ($56.96).
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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