Zalando (FRA:ZAL) Given a €44.00 Price Target by Credit Suisse Group Analysts

Credit Suisse Group set a €44.00 ($51.16) price objective on Zalando (FRA:ZAL) in a research note released on Monday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on ZAL. Kepler Capital Markets set a €80.00 ($93.02) price target on shares of Fresenius Medical Care AG & Co. KGaA and gave the stock a buy rating in a report on Thursday, May 2nd. Royal Bank of Canada cut shares of Zayo Group from an outperform rating to a sector perform rating and raised their price target for the stock from $33.00 to $35.00 in a report on Wednesday, May 8th. JPMorgan Chase & Co. raised their price target on shares of from GBX 2,300 ($30.05) to GBX 2,900 ($37.89) and gave the stock a neutral rating in a report on Friday, July 5th. Goldman Sachs Group upgraded shares of DUFRY AG/ADR to a hold rating in a report on Friday, July 5th. Finally, UBS Group cut shares of to a neutral rating and reduced their price target for the stock from GBX 870 ($11.37) to GBX 650 ($8.49) in a report on Wednesday, June 19th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of €36.99 ($43.01).

FRA:ZAL opened at €42.03 ($48.87) on Monday. The business has a fifty day moving average of €37.87. Zalando has a 12 month low of €36.33 ($42.24) and a 12 month 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.

Further Reading: Why do company’s buyback their stock?

Analyst Recommendations for Zalando (FRA:ZAL)

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