JPMorgan Chase & Co. Analysts Give Zalando (FRA:ZAL) a €32.00 Price Target

Zalando (FRA:ZALGet Rating) has been given a €32.00 ($33.68) target price by stock analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday, Borsen Zeitung reports. JPMorgan Chase & Co.‘s target price suggests a potential upside of 24.56% from the company’s current price.

A number of other equities analysts also recently commented on ZAL. Royal Bank of Canada set a €60.00 ($63.16) price objective on shares of Zalando in a research note on Monday. Deutsche Bank Aktiengesellschaft set a €77.00 ($81.05) price objective on shares of Zalando in a research note on Tuesday, March 8th. UBS Group set a €87.00 ($91.58) target price on shares of Zalando in a report on Thursday, May 5th. The Goldman Sachs Group set a €65.00 ($68.42) target price on shares of Zalando in a report on Tuesday, June 14th. Finally, Barclays set a €48.00 ($50.53) target price on shares of Zalando in a report on Wednesday, June 1st.

FRA ZAL traded up €0.20 ($0.21) on Thursday, reaching €25.69 ($27.04). The company had a trading volume of 2,062,366 shares. Zalando has a 1-year low of €36.33 ($38.24) and a 1-year high of €49.86 ($52.48). The company’s fifty day moving average is €35.37 and its 200-day moving average is €51.96.

About Zalando (Get Rating)

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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