Berenberg Bank Reiterates “€33.00” Price Target for Zalando SE (FRA:ZAL)

Berenberg Bank set a €33.00 ($37.93) target price on Zalando SE (FRA:ZAL) in a research note published on Friday morning. The brokerage currently has a sell rating on the stock.

Other analysts also recently issued research reports about the company. Barclays PLC set a €49.75 ($57.18) target price on Zalando SE and gave the stock a buy rating in a research note on Saturday, May 20th. Goldman Sachs Group, Inc. (The) set a €48.00 ($55.17) target price on Zalando SE and gave the stock a buy rating in a research note on Tuesday, June 20th. Commerzbank Ag set a €50.00 ($57.47) target price on Zalando SE and gave the stock a buy rating in a research note on Wednesday, June 21st. Hauck & Aufhaeuser set a €50.00 ($57.47) target price on Zalando SE and gave the stock a buy rating in a research note on Wednesday, June 7th. Finally, Baader Bank set a €48.00 ($55.17) target price on Zalando SE and gave the stock a buy rating in a research note on Thursday, June 1st. Four research analysts have rated the stock with a sell rating, two have given a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of €45.90 ($52.76).

Zalando SE (FRA:ZAL) traded down 3.619% on Friday, hitting €37.603. The stock had a trading volume of 5,378 shares. Zalando SE has a 12 month low of €32.05 and a 12 month high of €45.37. The company’s 50 day moving average is €41.66 and its 200-day moving average is €39.11. The stock has a market cap of €9.59 billion and a P/E ratio of 81.568.

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