Sanford C. Bernstein Downgrades Deliveroo (OTCMKTS:DROOF) to Market Perform

Deliveroo (OTCMKTS:DROOF) was downgraded by equities researchers at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a report released on Thursday, Briefing.com reports.

A number of other equities analysts have also weighed in on the company. JPMorgan Chase & Co. raised Deliveroo from an “underweight” rating to a “neutral” rating in a research note on Friday, October 13th. Morgan Stanley boosted their price objective on Deliveroo from GBX 135 ($1.66) to GBX 140 ($1.72) in a research note on Friday, August 11th. Barclays upped their price target on Deliveroo from GBX 115 ($1.41) to GBX 120 ($1.47) in a research note on Tuesday, October 10th. Finally, Credit Suisse Group upped their price target on Deliveroo from GBX 159 ($1.95) to GBX 183 ($2.25) in a research note on Friday, August 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $139.00.

Deliveroo Price Performance

OTCMKTS DROOF opened at $1.63 on Thursday. The stock’s fifty day moving average is $1.51 and its two-hundred day moving average is $1.45. Deliveroo has a fifty-two week low of $0.99 and a fifty-two week high of $1.64.

Deliveroo Company Profile

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.