Berenberg Bank set a €30.00 ($34.88) price objective on Rocket Internet (FRA:RKET) in a research report released on Thursday morning, Borsen Zeitung reports. The firm currently has a buy rating on the stock.
A number of other research analysts have also commented on the stock. Barclays set a €26.00 ($30.23) price objective on shares of Rocket Internet and gave the company a neutral rating in a research note on Tuesday, May 14th. Deutsche Bank set a €30.00 ($34.88) price objective on shares of Rocket Internet and gave the company a buy rating in a research note on Wednesday, April 17th. Kepler Capital Markets set a €26.00 ($30.23) price objective on shares of Rocket Internet and gave the company a buy rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. set a €28.00 ($32.56) price objective on shares of Rocket Internet and gave the company a neutral rating in a research note on Tuesday, February 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Rocket Internet has an average rating of Hold and an average target price of €27.13 ($31.54).
FRA RKET opened at €22.92 ($26.65) on Thursday. Rocket Internet has a fifty-two week low of €15.17 ($17.64) and a fifty-two week high of €26.14 ($30.40).
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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