Deliveroo plc (OTCMKTS:DROOF) Given Average Rating of “Hold” by Analysts

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.

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.

Further Reading