Jumia Technologies AG – (JMIA) Receives Average Recommendation of “Hold” from Brokerages
Jumia Technologies AG – (NYSE:JMIA) has been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. One 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 average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $33.36.
JMIA has been the topic of a number of recent analyst reports. Morgan Stanley cut their target price on Jumia Technologies from $27.00 to $22.00 and set an “underweight” rating on the stock in a research report on Tuesday. William Blair initiated coverage on Jumia Technologies in a research report on Tuesday, May 7th. They issued a “market perform” rating on the stock. Stifel Nicolaus initiated coverage on Jumia Technologies in a research report on Tuesday, May 7th. They issued a “hold” rating and a $40.00 target price on the stock. Citigroup upped their target price on Jumia Technologies from $30.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Raymond James raised Jumia Technologies from a “market perform” rating to an “outperform” rating and set a $36.00 target price on the stock in a research report on Tuesday. They noted that the move was a valuation call.
Shares of JMIA traded down $1.00 during trading on Tuesday, reaching $25.60. The company’s stock had a trading volume of 3,230,531 shares, compared to its average volume of 5,626,797. Jumia Technologies has a twelve month low of $18.13 and a twelve month 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: Strangles
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