Deliveroo (OTCMKTS:DROOF) PT Lowered to GBX 150

Deliveroo (OTCMKTS:DROOFGet Rating) had its target price lowered by research analysts at Morgan Stanley from GBX 164 ($1.96) to GBX 150 ($1.79) in a note issued to investors on Friday, The Fly reports.

Several other brokerages have also recently weighed in on DROOF. HSBC assumed coverage on Deliveroo in a research note on Friday, March 25th. They set a “hold” rating on the stock. Berenberg Bank upgraded Deliveroo from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Bryan, Garnier & Co assumed coverage on Deliveroo in a research note on Tuesday, May 17th. They set a “neutral” rating on the stock. JPMorgan Chase & Co. raised their price objective on Deliveroo from GBX 79 ($0.94) to GBX 81 ($0.97) in a research note on Tuesday, July 19th. Finally, Credit Suisse Group initiated coverage on Deliveroo in a research note on Friday, April 29th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $133.67.

Deliveroo Stock Performance

Shares of OTCMKTS:DROOF opened at $1.13 on Friday. The stock’s fifty day simple moving average is $1.09 and its two-hundred day simple moving average is $1.50. Deliveroo has a 1-year low of $1.01 and a 1-year high of $6.20.

About Deliveroo

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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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