Rocket Internet (ETR:RKET) Rating Upped

Rocket Internet (ETR:RKET) was upped by stock research analysts at Warburg Research to “Buy” rating in an analyst report issued on Thursday morning. The firm after the upgrade has a EUR 37.00 PT on the stock. Warburg Research’s PT means a potential upside of 94.63 %.

The stock upgrade is well received by investors, as ETR:RKET is right now trading 0.16% higher at EUR 19.00 as of 12:02 AM Frankfurt time. Rocket Internet shares have [From2] 0% over the last 200 days, while the S&P500 Index has gained 13.87% during the same time period.

Rocket Internet (ETR:RKET) Profile

Rocket Internet SE is a Germany-based company active in the investment management and fund operator industry. The Company identifies, builds, scales and retains ownership of Internet companies. It mainly operates in three sectors: e-commerce, including retail companies in the areas of fashion, general merchandise, home and living, office supplies and food groceries; marketplace, comprising companies active in fields such as real estate, travel, transport and food delivery which offer buyers and sellers venues for direct transactions, among others; and financial technology, containing companies bringing together borrowers and lenders in areas like the consumer and small and medium-sized enterprise segments.

Rocket Internet (ETR:RKET) traded up 0.16% on 22 December, hitting EUR 19. A total of 144,617 shares of the company’s stock traded hands. This is down from average of 161,398 shares. Rocket Internet has a 52 week low of EUR 16.35 and a 52 week high of EUR 29.5. The company has a market cap of 3.14 billion EUR and a P/E ratio of 0.

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