Zalando (FRA:ZAL) PT Set at €26.00 by Berenberg Bank

Zalando (FRA:ZALGet Rating) has been assigned a €26.00 ($26.53) target price by research analysts at Berenberg Bank in a report released on Wednesday, Borsen Zeitung reports. Berenberg Bank’s price objective suggests a potential downside of 13.30% from the company’s previous close.

Several other analysts also recently weighed in on ZAL. JPMorgan Chase & Co. set a €34.00 ($34.69) price objective on shares of Zalando in a research report on Thursday, November 3rd. Deutsche Bank Aktiengesellschaft set a €28.00 ($28.57) price objective on shares of Zalando in a research report on Friday, November 4th. Baader Bank set a €30.00 ($30.61) target price on shares of Zalando in a research note on Thursday, November 3rd. Warburg Research set a €52.00 ($53.06) target price on shares of Zalando in a research note on Thursday, November 3rd. Finally, Barclays set a €25.00 ($25.51) target price on shares of Zalando in a research note on Monday, November 7th.

Zalando Trading Up 3.1 %

Shares of FRA:ZAL opened at €29.99 ($30.60) on Wednesday. The company’s 50-day moving average price is €24.16 and its 200 day moving average price is €27.06. Zalando has a fifty-two week low of €36.33 ($37.07) and a fifty-two week high of €49.86 ($50.88).

Zalando Company Profile

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Zalando SE operates an online platform for fashion and lifestyle products. It provides clothing, footwear, accessories, and beauty products with free delivery and returns. The company also sells its products through its Zalando Lounge; and brick-and-mortar outlet stores in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim, and Ulm.

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