Warburg Research Upgrades Zalando (ETR:ZAL) Rating to Buy and kept EUR 50.00 Target Price

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London Zalando ETR:ZAL

Zalando (ETR:ZAL) Rating Change

Warburg Research upgraded shares of Zalando (ETR:ZAL) to Buy rating in analysts report revealed to investors on 13 October. The firm currently has a EUR 50.00 PT on the stock. Warburg Research’s PT suggests a potential upside of 35.10 % from the stock’s last stock close price.

In spite of the stock rating upgrade ETR:ZAL is right now trading -1.37% lower at EUR 37.08 as of 20:05 Frankfurt time. Zalando’s stock is up 10.19% over the last 200 days. It has outperformed the S&P500, which has added 2.61% over the same time period.

ETR:ZAL Price Chart & Trend

The stock price of Zalando has gained 10.19% over the last 200 days, and is in strong up trend. In the last 50 and 100 days, Zalando is up 13.69% and up 39.45%, respectively. Our stocks momentum model is shown on the price chart below. Warburg Research Upgrades Zalando (ETR:ZAL) Rating to Buy and kept EUR 50.00 Target Price

Source: RightEdge Systems, Yahoo Split & Dividend Adjusted Data and OctaFinance Trading Models

ZAL Stock Chart

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 -1.37% on 13 October, hitting EUR 37.08. A total of 551,353 shares of the company’s stock traded hands. This is up from average of 442,340 shares. Zalando has a 52 week low of EUR 22.37 and a 52 week high of EUR 38.55. The company has a market cap of 9.17 billion EUR and a P/E ratio of 73.75.

Get the latest Zalando (ETR:ZAL) Stock Ratings at Octafinance. Completely free access to our Analyst Ratings Database for 6000+ stocks.

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