Deliveroo (OTCMKTS:DROOF) Research Coverage Started at Credit Suisse Group

Stock analysts at Credit Suisse Group started coverage on shares of Deliveroo (OTCMKTS:DROOFGet Rating) in a report issued on Friday, The Fly reports. The firm set a “neutral” rating on the stock.

Several other analysts have also commented on DROOF. Citigroup upgraded shares of Deliveroo from a “neutral” rating to a “buy” rating in a research report on Monday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of Deliveroo from GBX 201 ($2.56) to GBX 163 ($2.08) in a research report on Wednesday, March 16th. HSBC started coverage on shares of Deliveroo in a research report on Friday, March 25th. They issued a “hold” rating on the stock. Morgan Stanley lowered their price target on shares of Deliveroo from GBX 208 ($2.65) to GBX 205 ($2.61) in a research report on Monday, April 4th. Finally, Barclays upped their price objective on shares of Deliveroo from GBX 165 ($2.10) to GBX 170 ($2.17) in a research note on Friday, March 18th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Deliveroo presently has an average rating of “Buy” and a consensus price target of $179.33.

Shares of DROOF opened at $1.35 on Friday. The firm’s 50-day moving average is $1.51 and its two-hundred day moving average is $2.53. Deliveroo has a twelve month low of $1.26 and a twelve month high of $6.20.

About Deliveroo (Get Rating)

Deliveroo plc operates an online food delivery platform. The company connects local consumers, restaurants and grocers, and riders to fulfil a purchase. It operates approximately more than 800 locations across 11 markets, including Australia, Belgium, France, Hong Kong, Italy, Ireland, the Netherlands, Singapore, the United Arab Emirates, Kuwait, and the United Kingdom.

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Analyst Recommendations for Deliveroo (OTCMKTS:DROOF)

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