Berenberg Bank set a €30.00 ($34.88) price objective on Rocket Internet (FRA:RKET) in a research report sent to investors on Friday morning, Borsen Zeitung reports. The brokerage currently has a buy rating on the stock.
Several other equities research analysts have also weighed in on RKET. Barclays set a €30.30 ($35.23) target price on Rocket Internet and gave the stock a neutral rating in a research report on Friday, June 21st. Kepler Capital Markets set a €28.00 ($32.56) target price on Rocket Internet and gave the stock a buy rating in a research report on Tuesday, June 4th. Deutsche Bank set a €30.00 ($34.88) target price on Rocket Internet and gave the stock a buy rating in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. set a €29.00 ($33.72) target price on Rocket Internet and gave the stock a neutral rating in a research report on Monday, September 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Rocket Internet presently has an average rating of Hold and a consensus target price of €27.21 ($31.64).
Shares of FRA RKET opened at €23.04 ($26.79) on Friday. Rocket Internet has a fifty-two week low of €15.17 ($17.64) and a fifty-two week high of €26.14 ($30.40). The stock’s 50-day simple moving average is €25.10 and its 200-day simple moving average is €23.93.
Rocket Internet Company Profile
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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