Zalando (ETR:ZAL) Upgrade of Rating
In analysts note issued to clients on 20 December, Baader Bank raised shares of Zalando (ETR:ZAL) to Buy rating. Baader Bank currently has a EUR 44.00 TP on the stock. The firm TP would suggest a potential upside of 23.01 % from Zalando (ETR:ZAL)’s last close price.
Despite this stock rating upgrade ETR:ZAL is now trading -0.31% lower at EUR 35.78 as of 4:03 PM Frankfurt time. Zalando’s stock is 0% over the past 200 days. It has underperformed the S&P500 Index, which has surged 13.03% over the same time.
Zalando (ETR:ZAL) Profile
Zalando SE is a Germany-based online shoes and fashion retailer. The Company offers a portfolio of women, men and children clothing. Its assortment comprises a range of shoes, clothes, accessories, beauty products and sports goods from more than 1,500 brands, including fashion companies, designer work and products of zLabels, a private labels arm of the Company.
Zalando (ETR:ZAL) traded down -0.31% on 20 December, hitting EUR 35.78. A total of 200,598 shares of the company’s stock traded hands. This is down from average of 483,769 shares. Zalando has a 52 week low of EUR 22.37 and a 52 week high of EUR 41.04. The company has a market cap of 8.85B EUR and a P/E ratio of 56.13.
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