JPMorgan Chase & Co. set a €29.00 ($33.72) target price on Rocket Internet (FRA:RKET) in a research note issued to investors on Monday morning, Borsen Zeitung reports. The firm currently has a neutral rating on the stock.
Other equities analysts also recently issued reports about the company. Deutsche Bank set a €30.00 ($34.88) target price on Rocket Internet and gave the company a buy rating in a research report on Monday, June 24th. Berenberg Bank set a €30.00 ($34.88) target price on Rocket Internet and gave the company a buy rating in a research report on Thursday, May 30th. Kepler Capital Markets set a €28.00 ($32.56) target price on Rocket Internet and gave the company a buy rating in a research report on Tuesday, June 4th. Finally, Barclays set a €30.30 ($35.23) target price on Rocket Internet and gave the company a neutral rating in a research report on Friday, June 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of €27.76 ($32.28).
Rocket Internet stock opened at €23.92 ($27.81) on Monday. Rocket Internet has a 12 month low of €15.17 ($17.64) and a 12 month high of €26.14 ($30.40). The stock has a 50-day moving average price of €25.14 and a two-hundred day moving average price of €23.92.
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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