How Good Does Zalando (ETR:ZAL) Look Now? Jefferies & Company Inc. Has Just Upgraded The Stock

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Zalando (ETR:ZAL) Stock Upgrade

Jefferies & Company Inc. has hiked shares of Zalando (ETR:ZAL) to a respectable Buy rating in a recent research report distributed today, and has set a 12-month Estimated Target Price of EUR 41.00, which is 14.65% from ZAL’s share price currently.

From a total of 11 analysts covering Zalando (ETR:ZAL) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 73% 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 €35.67 with a -0.59% below today’s (€35.88) stock price. Zalando was the topic of 24 analyst reports since July 15, 2015 according to the firm StockzIntelligence Inc. Warburg Research maintained shares on November 24 with “Hold” rating. Hauck & Aufhäuser Privatbankiers KGaA upgraded shares to “Buy” rating and €43 target share price in a report from a November 13. BNP Paribas downgraded ZAL stock in a recent report from November 17 to “Underperform” rating. Morgan Stanley upgraded the rating on October 17. Morgan Stanley has a “Buy” rating and a €32 price target on shares. Finally, Kepler Cheuvreux upgraded the stock to “Buy” rating in a report issued on a November 14.

The stock increased 2.66% or EUR 0.93 on December 4, striking EUR 35.88. Approximately 755,897 shares of stock traded hands. Zalando SE (ETR:ZAL) has risen 6.00% since November 5, 2015 and is uptrending. It has outperformed by 8.78% the S&P500.

 How Good Does Zalando (ETR:ZAL) Look Now? Jefferies & Company Inc. Has Just Upgraded The Stock

Zalando SE is a Germany-based online shoes and fashion retailer. The company has a market cap of 8.85 billion EUR. The Firm offers a portfolio of women, men and children clothing. It has 112.17 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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