Zalando (ETR:ZAL) Just Hit With Downgrade From BNP PARIBAS. Will Other Analysts Also Downgrade the Stock?


Zalando (ETR:ZAL) Receives a Downgrade

The stock rating of Zalando (ETR:ZAL) was lowered by equity research analysts at BNP PARIBAS to a Underperform. This has been announced in a recent report distributed on 19 December. BNP PARIBAS now has a EUR 27.00 target on the shares, which implies a possible downside of -25.50%.

From a total of 14 analysts covering Zalando (ETR:ZAL) stock, 11 rate it a ”Buy”, 1 a “Sell”, and 2 a ”Hold”. This means that 79% of the ratings are positive. The highest target price is €47 while the lowest target price is €25. The mean of all analyst targets is €37.31 with a 3.27% above today’s (€36.13) stock price. Zalando was the topic of 29 analyst reports since July 15, 2015 according to the firm StockzIntelligence Inc. Citigroup upgraded shares on December 16 to “Buy” rating. Warburg Research maintained shares with “Hold” rating and €34 target share price in a report from a November 24. Bernstein upgraded ZAL stock in a recent report from December 12 to “Outperform” rating. BNP Paribas downgraded the rating on November 17. BNP Paribas has a “Underperform” rating and a €25 price target on shares. Finally, Jefferies upgraded the stock to “Buy” rating in a report issued on a December 5.

The stock decreased 0.44% or EUR 0.16 on December 18, striking EUR 36.13. Approximately 1.53M shares of stock traded hands or 70.05% up from the average. Zalando SE (ETR:ZAL) has risen 6.00% since November 19, 2015 and is uptrending. It has outperformed by 9.81% the S&P500.

 Zalando (ETR:ZAL) Just Hit With Downgrade From BNP PARIBAS. Will Other Analysts Also Downgrade the Stock?

Zalando SE is a Germany-based online shoes and fashion retailer. The company has a market cap of 8.77 billion EUR. The Firm offers a portfolio of women, men and children clothing. It has 112.97 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.