Equities researchers at Berenberg Bank began coverage on shares of Jumia Technologies (NYSE:JMIA) in a report issued on Tuesday, May 7th, MarketBeat.com reports. The brokerage set a “hold” rating on the stock.
A number of other brokerages have also recently commented on JMIA. Stifel Nicolaus began coverage on shares of Jumia Technologies in a report on Tuesday, May 7th. They issued a “hold” rating and a $40.00 target price on the stock. Citigroup started coverage on shares of Jumia Technologies in a research report on Monday, May 6th. They issued a “neutral” rating on the stock. Finally, Royal Bank of Canada started coverage on shares of Jumia Technologies in a research report on Monday, May 6th. They set a “sector perform” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $37.33.
JMIA stock traded up $0.94 during midday trading on Tuesday, reaching $25.33. 1,472,900 shares of the company were exchanged, compared to its average volume of 4,445,041. 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.
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