Deliveroo plc (OTCMKTS:DROOF – Get Rating) has been given a consensus recommendation of “Hold” by the eight research firms that are covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $187.50.
DROOF has been the subject of several analyst reports. Bryan, Garnier & Co initiated coverage on Deliveroo in a report on Tuesday, May 17th. They issued a “neutral” rating for the company. Morgan Stanley lowered their price target on Deliveroo from GBX 208 ($2.52) to GBX 205 ($2.49) in a report on Monday, April 4th. Citigroup raised Deliveroo from a “neutral” rating to a “buy” rating in a report on Monday, February 28th. JPMorgan Chase & Co. cut Deliveroo from an “overweight” rating to a “neutral” rating in a report on Friday, May 27th. Finally, HSBC assumed coverage on Deliveroo in a report on Friday, March 25th. They set a “hold” rating for the company.
Shares of OTCMKTS DROOF opened at $1.07 on Wednesday. The business has a fifty day moving average price of $1.21 and a two-hundred day moving average price of $1.88. Deliveroo has a fifty-two week low of $1.01 and a fifty-two week high of $6.20.
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.
- Get a free copy of the StockNews.com research report on Deliveroo (DROOF)
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