Zalando (FRA:ZAL) PT Set at €42.00 by Deutsche Bank

Deutsche Bank set a €42.00 ($48.84) price objective on Zalando (FRA:ZAL) in a research report sent to investors on Friday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.

A number of other analysts also recently issued reports on the stock. Baader Bank set a €50.00 ($58.14) price objective on shares of Zalando and gave the company a buy rating in a report on Thursday, August 1st. Credit Suisse Group set a €44.00 ($51.16) price objective on shares of Zalando and gave the company a buy rating in a report on Monday, July 8th. JPMorgan Chase & Co. set a €28.00 ($32.56) price objective on shares of Zalando and gave the company a neutral rating in a report on Thursday, August 1st. Goldman Sachs Group set a €43.00 ($50.00) price objective on shares of Zalando and gave the company a neutral rating in a report on Thursday, August 1st. Finally, Barclays set a €46.80 ($54.42) price objective on shares of Zalando and gave the company a buy rating in a report on Friday, May 3rd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of €38.15 ($44.36).

Shares of ZAL stock opened at €43.25 ($50.29) on Friday. The business’s 50-day moving average is €40.68. Zalando has a 52 week low of €36.33 ($42.24) and a 52 week 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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