Jumia Technologies AG – (NYSE:JMIA) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $36.80.
JMIA has been the subject of several research analyst reports. Royal Bank of Canada initiated coverage on Jumia Technologies in a report on Monday, May 6th. They set a “sector perform” rating and a $40.00 price target for the company. Citigroup initiated coverage on Jumia Technologies in a report on Monday, May 6th. They set a “neutral” rating for the company. Stifel Nicolaus upgraded Jumia Technologies from a “hold” rating to a “buy” rating in a report on Monday, May 13th. Berenberg Bank initiated coverage on Jumia Technologies in a report on Tuesday, May 7th. They set a “hold” rating for the company. Finally, Raymond James started coverage on Jumia Technologies in a report on Tuesday, May 7th. They set a “market perform” rating and a $37.72 price target for the company.
NYSE JMIA opened at $25.65 on Wednesday. The company’s 50 day moving average price is $24.63. Jumia Technologies has a 1-year low of $18.13 and a 1-year high of $49.77.
Jumia Technologies AG operates an e-commerce platform in Africa. The company's platform consists of marketplace, which connects sellers with consumers; logistics service that enables the shipment and delivery of packages from sellers to consumers; and payment service, which facilitates transactions to participants active on the company's platform in selected markets.
Further Reading: What Does a Sell-Side Analyst Rating Mean?
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