Jumia Technologies AG – (NYSE:JMIA)’s share price fell 3.4% on Monday . The stock traded as low as $19.06 and last traded at $19.24. 21,706 shares changed hands during trading, a decline of 99% from the average session volume of 3,833,883 shares. The stock had previously closed at $19.92.
Several brokerages have recently weighed in on JMIA. Citigroup raised their price target on shares of Jumia Technologies to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 14th. Morgan Stanley decreased their price target on shares of Jumia Technologies from $27.00 to $22.00 and set an “underweight” rating for the company in a research note on Tuesday, May 14th. Berenberg Bank raised shares of Jumia Technologies from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Tuesday, May 14th. Raymond James raised Jumia Technologies from a “market perform” rating to an “outperform” rating and set a $36.00 price objective for the company in a report on Tuesday, May 14th. They noted that the move was a valuation call. Finally, Stifel Nicolaus raised Jumia Technologies from a “hold” rating to a “buy” rating in a report on Monday, May 13th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. Jumia Technologies currently has an average rating of “Hold” and an average price target of $37.33.
ILLEGAL ACTIVITY NOTICE: “Jumia Technologies (JMIA) Stock Price Down 3.4%” was reported by Highlight Press and is owned by of Highlight Press. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://highlightpress.com/2019/05/20/jumia-technologies-jmia-stock-price-down-3-4.html.
About Jumia Technologies (NYSE:JMIA)
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.
Read More: Understanding Options Trading
Receive News & Ratings for Jumia Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Jumia Technologies and related companies with MarketBeat.com's FREE daily email newsletter.