Rocket Internet (FRA:RKET) Shares Up 0.6%

Rocket Internet SE (FRA:RKET) shares shot up 0.6% during mid-day trading on Tuesday . The company traded as high as €21.98 ($25.56) and last traded at €21.90 ($25.47), 169,221 shares changed hands during mid-day trading. The stock had previously closed at €21.76 ($25.30).

Several research firms have recently commented on RKET. Deutsche Bank set a €30.00 ($34.88) price target on Rocket Internet and gave the stock a “buy” rating in a report on Tuesday, December 10th. Berenberg Bank set a €30.00 ($34.88) target price on shares of Rocket Internet and gave the stock a “buy” rating in a research note on Friday, September 20th. Barclays set a €26.50 ($30.81) price target on shares of Rocket Internet and gave the company a “neutral” rating in a research report on Friday, September 20th. Finally, Kepler Capital Markets set a €26.00 ($30.23) price target on Rocket Internet and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of €28.30 ($32.91).

The company’s 50 day moving average is €22.09 and its 200 day moving average is €23.85.

About Rocket Internet (FRA:RKET)

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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