Rocket Internet SE (FRA:RKET) Receives Average Rating of “Hold” from Analysts

Shares of Rocket Internet SE (FRA:RKET) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One 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 average 12 month price objective among brokerages that have issued ratings on the stock in the last year is €27.61 ($32.11).

Several brokerages have issued reports on RKET. Deutsche Bank set a €30.00 ($34.88) price objective on shares of Rocket Internet and gave the stock a “buy” rating in a research report on Monday, June 24th. JPMorgan Chase & Co. set a €28.00 ($32.56) price objective on shares of Rocket Internet and gave the stock a “neutral” rating in a research report on Thursday, June 20th. Barclays set a €30.30 ($35.23) target price on shares of Rocket Internet and gave the company a “neutral” rating in a report on Friday, June 21st. Kepler Capital Markets set a €26.00 ($30.23) target price on shares of Rocket Internet and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Berenberg Bank set a €30.00 ($34.88) target price on shares of Rocket Internet and gave the company a “buy” rating in a report on Thursday, May 16th.

FRA:RKET traded down €0.02 ($0.02) during midday trading on Tuesday, hitting €24.62 ($28.63). 129,866 shares of the company were exchanged. The stock has a fifty day moving average of €24.30. Rocket Internet has a fifty-two week low of €15.17 ($17.64) and a fifty-two 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.

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Analyst Recommendations for Rocket Internet (FRA:RKET)

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