Deliveroo (OTCMKTS:DROOF) Raised to Buy at Berenberg Bank

Berenberg Bank upgraded shares of Deliveroo (OTCMKTS:DROOFGet Rating) from a hold rating to a buy rating in a report published on Tuesday, The Fly reports.

Other analysts also recently issued reports about the company. Morgan Stanley reduced their price target on Deliveroo from GBX 193 ($2.31) to GBX 164 ($1.96) in a research note on Friday, June 17th. Credit Suisse Group assumed coverage on Deliveroo in a research report on Friday, April 29th. They set a neutral rating for the company. Bryan, Garnier & Co assumed coverage on Deliveroo in a research report on Tuesday, May 17th. They set a neutral rating for the company. HSBC assumed coverage on Deliveroo in a research report on Friday, March 25th. They set a hold rating for the company. Finally, JPMorgan Chase & Co. cut their target price on Deliveroo from GBX 81 ($0.97) to GBX 79 ($0.94) in a research report on Friday, July 1st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Deliveroo presently has an average rating of Hold and a consensus price target of $138.33.

Deliveroo Stock Performance

DROOF opened at $1.13 on Tuesday. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.53. Deliveroo has a 1 year low of $1.01 and a 1 year high of $6.20.

Deliveroo Company Profile

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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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