Bank of America analysts give Zalando (FRA:ZAL) price target of €18.00
Zalando (FRA:ZAL – Get a rating) was assigned a target price of €18.00 ($18.95) by investment analysts at Bank of America in a note to investors released Friday, Borsen Zeitung reports. Bank of America’s target price suggests a potential decline of 29.52% from the current stock price.
ZAL has been the subject of several other reports. Warburg Research set a target price of €80.00 ($84.21) on Zalando shares in a research report on Tuesday. Berenberg Bank set a target price of €36.00 ($37.89) on Zalando shares in a Tuesday, May 10 research report. Baader Bank set a target price of €41.00 ($43.16) on Zalando shares in a Tuesday, May 17 research report. Goldman Sachs Group set a price target of €65.00 ($68.42) on Zalando shares in a research report on Tuesday, June 14. Finally, Deutsche Bank Aktiengesellschaft set a target price of €77.00 ($81.05) on Zalando shares in a Tuesday, March 8 research note.
Zalando shares opened at €25.54 ($26.88) on Friday. The company’s 50-day simple moving average is €35.37 and its 200-day simple moving average is €51.96. Zalando has a 12-month low of €36.33 ($38.24) and a 12-month high of €49.86 ($52.48).
Zalando company profile (Get a rating)
Zalando SE operates an online platform for fashion and lifestyle products. It offers clothing, shoes, accessories and beauty products with free shipping and returns. The company also sells its products through its Zalando Lounge; and physical outlets in Berlin, Frankfurt, Cologne, Leipzig, Hamburg, Hanover, Münster, Stuttgart, Mannheim and Ulm.
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