Morgan Stanley Analysts Give HelloFresh (ETR:HFG) a €46.00 Price Target

HelloFresh (ETR:HFGGet Rating) received a €46.00 ($47.92) target price from investment analysts at Morgan Stanley in a note issued to investors on Friday, Borsen Zeitung reports. Morgan Stanley’s price objective points to a potential upside of 66.55% from the stock’s current price.

Other analysts have also recently issued reports about the company. Deutsche Bank Rese… set a €89.00 ($92.71) target price on HelloFresh in a report on Thursday, April 28th. Deutsche Bank Aktiengesellschaft set a €89.00 ($92.71) price target on HelloFresh in a report on Friday, March 18th. Sanford C. Bernstein set a €31.00 ($32.29) price target on HelloFresh in a report on Thursday, May 26th. Berenberg Bank set a €75.00 ($78.13) price target on HelloFresh in a report on Wednesday, April 27th. Finally, Credit Suisse Group set a €84.00 ($87.50) price target on HelloFresh in a report on Tuesday, May 3rd.

ETR:HFG traded down €2.24 ($2.33) during trading hours on Friday, hitting €27.62 ($28.77). The company had a trading volume of 1,842,031 shares, compared to its average volume of 33,734. The company has a current ratio of 1.14, a quick ratio of 0.80 and a debt-to-equity ratio of 54.66. The company has a 50-day moving average of €36.11 and a 200 day moving average of €48.39. The company has a market cap of $4.80 billion and a P/E ratio of 27.21. HelloFresh has a 1 year low of €31.13 ($32.43) and a 1 year high of €97.50 ($101.56).

About HelloFresh (Get Rating)

HelloFresh SE delivers meal kit solutions to prepare home-cooked meals using its recipes. The company offers premium meals, double portions, and others, as well as add-ons, such as soups, snacks, fruit boxes, desserts, ready-to-eat meals, and seasonal boxes. It also sells meal-kits through vending machines.

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