Sanford C. Bernstein Reiterates “€53.30” Price Target for Zalando (FRA:ZAL)

Sanford C. Bernstein set a €53.30 ($61.98) price objective on Zalando (FRA:ZAL) in a research report report published on Wednesday, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.

A number of other analysts have also recently issued reports on the stock. Credit Suisse Group set a €50.00 ($58.14) price objective on shares of Zalando and gave the stock a buy rating in a research note on Monday, November 4th. Goldman Sachs Group set a €46.00 ($53.49) price objective on shares of Zalando and gave the stock a neutral rating in a research note on Monday, January 20th. Warburg Research set a €55.00 ($63.95) price objective on shares of Zalando and gave the stock a buy rating in a research note on Monday, January 6th. Royal Bank of Canada set a €53.00 ($61.63) price objective on shares of Zalando and gave the stock a buy rating in a research note on Monday, January 6th. Finally, Baader Bank set a €56.00 ($65.12) price objective on shares of Zalando and gave the stock a buy rating in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of Hold and an average price target of €44.72 ($52.00).

Shares of FRA ZAL opened at €47.47 ($55.20) on Wednesday. The firm has a fifty day moving average price of €45.55 and a 200-day moving average price of €42.69. Zalando has a 1 year low of €36.33 ($42.24) and a 1 year high of €49.86 ($57.98).

Zalando Company Profile

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.

Recommended Story: Cash Flow

Analyst Recommendations for Zalando (FRA:ZAL)

Receive News & Ratings for Zalando Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zalando and related companies with MarketBeat.com's FREE daily email newsletter.