Zalando (FRA:ZAL) Given a €21.00 Price Target at Berenberg Bank

Berenberg Bank set a €21.00 ($24.42) price target on Zalando (FRA:ZAL) in a research note issued to investors on Wednesday, May 8th, Borsen Zeitung reports. The brokerage currently has a sell rating on the stock.

Several other equities analysts have also commented on ZAL. Credit Suisse Group set a €42.50 ($49.42) target price on shares of Zalando and gave the company a buy rating in a report on Friday, May 3rd. Independent Research set a €42.00 ($48.84) target price on shares of Zalando and gave the company a neutral rating in a report on Thursday, May 2nd. UBS Group set a €34.00 ($39.53) target price on shares of Zalando and gave the company a neutral rating in a report on Thursday, May 2nd. Kepler Capital Markets set a €27.00 ($31.40) target price on shares of Zalando and gave the company a neutral rating in a report on Thursday, May 2nd. Finally, JPMorgan Chase & Co. set a €28.00 ($32.56) target price on shares of Zalando and gave the company a neutral rating in a report on Thursday, May 2nd. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of €36.91 ($42.92).

ZAL stock opened at €35.54 ($41.33) on Wednesday. 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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