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Zalando (ETR:ZAL) Stock Upgrade

Zalando (ETR:ZAL) shares were upgraded by stock research analysts at Bernstein Research to a solid Outperform rating in an analyst research report distributed today. Analysts after the upgrade have a EUR 42.00 price target on the shares. Bernstein Research’s price target would indicate a possible upside of 21.11%.

From a total of 12 analysts covering Zalando (ETR:ZAL) stock, 9 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 75% of the ratings are positive. The highest target price is €45 while the lowest target price is €25. The mean of all analyst targets is €36.12 with a 4.36% above today’s (€34.61) stock price. Zalando was the topic of 26 analyst reports since July 15, 2015 according to the firm StockzIntelligence Inc. Kepler Cheuvreux upgraded shares on December 5 to “Buy” rating. Credit Suisse upgraded shares to “Outperform” rating and €36 target share price in a report from a November 14. Warburg Research maintained ZAL stock in a recent report from November 24 with “Hold” rating. Hauck & Aufhäuser Privatbankiers KGaA upgraded the rating on November 13. Hauck & Aufhäuser Privatbankiers KGaA has a “Buy” rating and a €43 price target on shares. Finally, BNP Paribas downgraded the stock to “Underperform” rating in a report issued on a November 17.

The stock decreased 1.14% or EUR 0.4 on December 11, striking EUR 34.61. Approximately 554,351 shares of stock traded hands. Zalando SE (ETR:ZAL) has risen 6.00% since November 12, 2015 and is uptrending. It has outperformed by 9.02% the S&P500.

 Is Zalando (ETR:ZAL) Now a ‘Buy’? Bernstein Research Upgrades Stock

Zalando SE is a Germany-based online shoes and fashion retailer. The company has a market cap of 8.53 billion EUR. The Firm offers a portfolio of women, men and children clothing. It has 108.21 P/E ratio. The Company’s 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.

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