In a report released yesterday, Allen Klee from Maxim Group maintained a Buy rating on Reebonz Holding Limited (RBZ), with a price target of $5.00. The company’s shares closed last Monday at $1.25, close to its 52-week low of $1.16.
According to TipRanks.com, Klee is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -20.3% and a 26.1% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Reebonz Holding Limited with a $5.50 average price target, a 298.6% upside from current levels. In a report issued on September 17, Roth Capital also maintained a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $83.52 and a one-year low of $1.16. Currently, Reebonz Holding Limited has an average volume of 472.3K.
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Reebonz Holding Ltd. engages in the provision of an online marketplace for buying and selling luxury products. It also curates and sells authentic new and pre-owned luxury goods, including handbags, small leather goods and other accessories, shoes, watches, and jewelry from several luxury brands.
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