Zalando SE (FRA:ZAL) Receives Consensus Recommendation of “Hold” from Analysts
Zalando SE (FRA:ZAL) has been assigned an average rating of “Hold” from the eighteen analysts that are presently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is €38.94 ($45.28).
Several brokerages recently weighed in on ZAL. Hauck & Aufhaeuser set a €45.00 ($52.33) price objective on Zalando and gave the stock a “buy” rating in a research report on Monday, July 15th. Kepler Capital Markets set a €27.00 ($31.40) price objective on Zalando and gave the stock a “neutral” rating in a research report on Thursday, May 2nd. Baader Bank set a €50.00 ($58.14) price objective on Zalando and gave the stock a “buy” rating in a research report on Thursday, August 1st. Royal Bank of Canada set a €52.00 ($60.47) price objective on Zalando and gave the stock a “buy” rating in a research report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. set a €28.00 ($32.56) price objective on Zalando and gave the stock a “neutral” rating in a research report on Thursday, August 1st.
Zalando stock traded up €1.00 ($1.16) during mid-day trading on Tuesday, hitting €40.00 ($46.51). The company’s stock had a trading volume of 583,718 shares. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98). The stock’s fifty day moving average is €41.40 and its two-hundred day moving average is €36.72.
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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