Deliveroo plc (OTCMKTS:DROOF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Deliveroo plc (OTCMKTS:DROOFGet Rating) have earned a consensus recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $133.67.

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of Deliveroo from GBX 79 ($0.95) to GBX 81 ($0.98) in a research note on Tuesday, July 19th. Morgan Stanley decreased their price objective on shares of Deliveroo from GBX 164 ($1.98) to GBX 150 ($1.81) in a research note on Friday, July 22nd. Berenberg Bank upgraded shares of Deliveroo from a “hold” rating to a “buy” rating in a research note on Tuesday, July 19th. Finally, Citigroup downgraded shares of Deliveroo from a “buy” rating to a “neutral” rating in a research note on Thursday, August 11th.

Deliveroo Price Performance

OTCMKTS:DROOF opened at $0.97 on Friday. Deliveroo has a 12 month low of $0.90 and a 12 month high of $6.18. The business’s fifty day moving average price is $1.05 and its 200 day moving average price is $1.19.

Deliveroo Company Profile

(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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Analyst Recommendations for Deliveroo (OTCMKTS:DROOF)

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