Raymond James initiated coverage on shares of Jumia Technologies (NYSE:JMIA) in a report issued on Tuesday, May 7th, Marketbeat.com reports. The firm set a “market perform” rating and a $37.72 price target on the stock. Raymond James’ price target points to a potential upside of 41.70% from the company’s current price.
Several other research firms also recently weighed in on JMIA. Stifel Nicolaus began coverage on Jumia Technologies in a research note on Tuesday, May 7th. They issued a “hold” rating and a $40.00 price target on the stock. Citigroup began coverage on Jumia Technologies in a research note on Monday, May 6th. They issued a “neutral” rating on the stock. Royal Bank of Canada began coverage on Jumia Technologies in a research note on Monday, May 6th. They issued a “sector perform” rating and a $40.00 price target on the stock. Finally, Berenberg Bank started coverage on Jumia Technologies in a research note on Tuesday, May 7th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $37.33.
Shares of JMIA stock traded up $1.29 during midday trading on Tuesday, reaching $26.62. 3,212,105 shares of the stock were exchanged, compared to its average volume of 4,341,007. 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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