Rocket Internet SE (FRA:RKET) has been given a consensus rating of “Buy” by the six brokerages that are currently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is €31.86 ($39.33).
Several analysts have recently weighed in on RKET shares. Warburg Research set a €37.00 ($45.68) price objective on Rocket Internet and gave the stock a “buy” rating in a report on Wednesday, November 29th. Deutsche Bank set a €31.00 ($38.27) price objective on Rocket Internet and gave the stock a “buy” rating in a report on Wednesday. Berenberg Bank set a €53.00 ($65.43) price objective on Rocket Internet and gave the stock a “buy” rating in a report on Monday, February 26th. JPMorgan Chase & Co. set a €29.00 ($35.80) price objective on Rocket Internet and gave the stock a “buy” rating in a report on Tuesday, February 13th. Finally, Citigroup set a €23.00 ($28.40) price objective on Rocket Internet and gave the stock a “neutral” rating in a report on Tuesday, December 12th.
Shares of Rocket Internet (FRA RKET) opened at €25.02 ($30.89) on Wednesday. Rocket Internet has a fifty-two week low of €15.17 ($18.73) and a fifty-two week high of €25.70 ($31.73). The firm has a market capitalization of $4,110.00 and a P/E ratio of -29.44.
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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 in the Fintech sector. The firm seeks to make investments in Internet companies with a focus on online and mobile retail services.
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