Maxim Group analyst Allen Klee reiterated a Buy rating on Reebonz Holding Limited (RBZ) yesterday and set a price target of $11. The company’s shares closed yesterday at $2.58, close to its 52-week low of $2.20.
Klee noted:
“We have a positive view on the luxury e-commerce market in Asia/Pacific (APAC), based on improving wealth and smartphone penetration rates.”
According to TipRanks.com, Klee ‘s ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -13.8% and a 32.1% success rate. Klee covers the Technology sector, focusing on stocks such as Sify Technologies Limited, Dolphin Entertainment Inc, and ATN International Inc.
Currently, the analyst consensus on Reebonz Holding Limited is a Moderate Buy with an average price target of $11.
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The company has a one-year high of $83.52 and a one-year low of $2.20. Currently, Reebonz Holding Limited has an average volume of 930K.
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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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