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

Deliveroo plc (OTCMKTS:DROOF) has received an average rating of “Hold” from the six brokerages that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company.

A number of equities analysts have recently commented on DROOF shares. Credit Suisse Group lifted their target price on Deliveroo from GBX 159 ($2.01) to GBX 183 ($2.31) in a report on Friday, August 11th. Morgan Stanley lifted their target price on Deliveroo from GBX 135 ($1.70) to GBX 140 ($1.77) in a report on Friday, August 11th. The Goldman Sachs Group started coverage on Deliveroo in a report on Thursday, June 22nd. They issued a “buy” rating for the company. Barclays lifted their target price on Deliveroo from GBX 110 ($1.39) to GBX 115 ($1.45) in a report on Friday, August 11th. Finally, BNP Paribas cut Deliveroo from a “neutral” rating to an “underperform” rating in a report on Friday, July 7th.

Deliveroo Stock Performance

Shares of Deliveroo stock opened at $1.52 on Friday. The stock has a 50 day moving average price of $1.49 and a 200-day moving average price of $1.30. Deliveroo has a one year low of $0.84 and a one year high of $1.60.

About Deliveroo

Deliveroo plc operates an online food delivery platform. It connects local consumers, riders and restaurants, and grocery partners. The company operates in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.