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

Deliveroo plc (OTCMKTS:DROOFGet Rating) has been assigned an average rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat reports. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $133.67.

Several equities analysts have commented on the stock. Berenberg Bank raised shares of Deliveroo from a “hold” rating to a “buy” rating in a research report on Tuesday, July 19th. Credit Suisse Group began coverage on shares of Deliveroo in a research report on Friday, April 29th. They set a “neutral” rating for the company. Bryan, Garnier & Co began coverage on shares of Deliveroo in a research report on Tuesday, May 17th. They set a “neutral” rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Deliveroo from GBX 79 ($0.97) to GBX 81 ($0.99) in a research report on Tuesday, July 19th. Finally, Morgan Stanley cut their target price on shares of Deliveroo from GBX 164 ($2.01) to GBX 150 ($1.84) in a research report on Friday, July 22nd.

Deliveroo Price Performance

Shares of OTCMKTS:DROOF opened at $1.16 on Thursday. The business has a fifty day simple moving average of $1.09 and a 200 day simple moving average of $1.42. Deliveroo has a 12-month low of $1.01 and a 12-month high of $6.20.

Deliveroo Company Profile

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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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