Deliveroo (OTCMKTS:DROOF) Price Target Cut to GBX 164 by Analysts at Morgan Stanley

Deliveroo (OTCMKTS:DROOFGet Rating) had its target price reduced by research analysts at Morgan Stanley from GBX 193 ($2.34) to GBX 164 ($1.99) in a note issued to investors on Friday, The Fly reports.

A number of other analysts also recently weighed in on DROOF. Bryan, Garnier & Co began coverage on Deliveroo in a report on Tuesday, May 17th. They set a “neutral” rating for the company. Barclays boosted their price target on shares of Deliveroo from GBX 165 ($2.00) to GBX 170 ($2.06) in a research report on Friday, March 18th. Citigroup upgraded shares of Deliveroo from a “neutral” rating to a “buy” rating in a research report on Monday, February 28th. Credit Suisse Group started coverage on shares of Deliveroo in a research note on Friday, April 29th. They issued a “neutral” rating for the company. Finally, HSBC started coverage on shares of Deliveroo in a report on Friday, March 25th. They set a “hold” rating for the company. Seven equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Deliveroo presently has an average rating of “Hold” and a consensus target price of $165.67.

Shares of OTCMKTS DROOF remained flat at $$1.07 during midday trading on Friday. Deliveroo has a twelve month low of $1.01 and a twelve month high of $6.20. The business has a 50-day simple moving average of $1.19 and a 200-day simple moving average of $1.85.

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.

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