Today Zalando (ETR:ZAL) Has Been Upgraded by Citigroup Corp. to a Buy


Zalando (ETR:ZAL) Stock Upgrade

Shares of Zalando (ETR:ZAL) stock were hiked to a Buy by research analysts at Citigroup Corp., who now have a Estimated Target Price set at EUR 45.00 on ZAL. This target is 27.12% from ZAL’s current share price.

From a total of 13 analysts covering Zalando (ETR:ZAL) stock, 10 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 77% 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 €36.57 with a 3.31% above today’s (€35.4) stock price. Zalando was the topic of 27 analyst reports since July 15, 2015 according to the firm StockzIntelligence Inc. Bernstein upgraded shares on December 12 to “Outperform” rating. BNP Paribas downgraded shares to “Underperform” rating and €25 target share price in a report from a November 17. Jefferies upgraded ZAL stock in a recent report from December 5 to “Buy” rating. Credit Suisse upgraded the rating on November 14. Credit Suisse has a “Outperform” rating and a €36 price target on shares. Finally, Berenberg upgraded the stock to “Buy” rating in a report issued on a November 17.

The stock increased 1.49% or EUR 0.52 on December 15, striking EUR 35.4. Approximately 662,964 shares of stock traded hands. Zalando SE (ETR:ZAL) has risen 6.00% since November 16, 2015 and is uptrending. It has outperformed by 9.68% the S&P500.

 Today Zalando (ETR:ZAL) Has Been Upgraded by Citigroup Corp. to a Buy

Zalando SE is a Germany-based online shoes and fashion retailer. The company has a market cap of 8.73 billion EUR. The Firm offers a portfolio of women, men and children clothing. It has 110.7 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.