JPMorgan Chase & Co. set a €29.00 ($33.72) target price on Rocket Internet (FRA:RKET) in a report issued on Monday morning, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
RKET has been the subject of several other research reports. Kepler Capital Markets set a €28.00 ($32.56) price target on Rocket Internet and gave the company a buy rating in a report on Tuesday, June 4th. Deutsche Bank set a €30.00 ($34.88) price objective on Rocket Internet and gave the stock a buy rating in a research report on Monday, June 24th. Berenberg Bank set a €30.00 ($34.88) price objective on Rocket Internet and gave the stock a buy rating in a research report on Thursday, May 30th. Finally, Barclays set a €30.30 ($35.23) price objective on Rocket Internet and gave the stock 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 issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of €27.76 ($32.28).
FRA:RKET opened at €24.40 ($28.37) on Monday. Rocket Internet has a one year low of €15.17 ($17.64) and a one year high of €26.14 ($30.40). The stock has a 50 day moving average price of €25.16 and a 200 day moving average price of €23.91.
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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