Rocket Internet (FRA:RKET) PT Set at €29.00 by JPMorgan Chase & Co.

JPMorgan Chase & Co. set a €29.00 ($33.72) price target on Rocket Internet (FRA:RKET) in a report issued on Monday, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.

A number of other analysts have also recently weighed in on the company. Deutsche Bank set a €30.00 ($34.88) price target on Rocket Internet and gave the company a buy rating in a research note on Monday, June 24th. Barclays set a €30.30 ($35.23) price target on Rocket Internet and gave the company a neutral rating in a research note on Friday, June 21st. Berenberg Bank set a €30.00 ($34.88) price target on Rocket Internet and gave the company a buy rating in a research note on Thursday, May 30th. Finally, Kepler Capital Markets set a €28.00 ($32.56) price target on Rocket Internet and gave the company a buy rating in a research note on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of €27.76 ($32.28).

Rocket Internet stock opened at €24.40 ($28.37) on Monday. Rocket Internet has a 1-year low of €15.17 ($17.64) and a 1-year high of €26.14 ($30.40). The stock’s fifty day moving average is €25.16 and its two-hundred day moving average is €23.91.

About Rocket Internet

Rocket Internet SE is an incubator, private equity, and venture capital firm specializing in incubation, early-stage, growth capital, late venture, later stage, and start-ups. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services. It prefers to invest in technology and Internet-based companies with a focus on financial technology, software, food and groceries which includes individualized fresh food at home and online food delivery, fashion which includes emerging markets online fashion, general merchandise which includes emerging markets online retail as well as marketplaces for online merchandise, home and living which includes international home and living ecommerce, travel including online and mobile travel bookings, mobile data services, package holidays with transfer, regional internet groups, and new businesses and investments.

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