Barclays set a €21.25 ($24.71) price objective on Rocket Internet (FRA:RKET) in a research report sent to investors on Monday, Borsen Zeitung reports. The brokerage currently has a neutral rating on the stock.
A number of other research firms have also recently issued reports on RKET. Deutsche Bank set a €30.00 ($34.88) target price on Rocket Internet and gave the stock a buy rating in a research note on Tuesday, December 10th. JPMorgan Chase & Co. set a €24.00 ($27.91) target price on Rocket Internet and gave the stock a buy rating in a research note on Friday, March 20th. Finally, Kepler Capital Markets set a €26.00 ($30.23) target price on Rocket Internet and gave the stock a buy rating in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of €26.25 ($30.52).
FRA RKET opened at €18.01 ($20.94) on Monday. The business has a 50 day simple moving average of €19.62 and a 200 day simple moving average of €22.12. Rocket Internet has a 52-week low of €15.17 ($17.64) and a 52-week high of €26.14 ($30.40).
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.
Read More: Return on Investment (ROI)
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