Deliveroo (OTCMKTS:DROOF – Get Rating) had its target price lifted by analysts at Credit Suisse Group from GBX 144 ($1.80) to GBX 159 ($1.99) in a research report issued to clients and investors on Wednesday, The Fly reports.
Several other analysts have also recently issued reports on the stock. BNP Paribas cut shares of Deliveroo from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 18th. Morgan Stanley reduced their target price on shares of Deliveroo from GBX 120 ($1.50) to GBX 115 ($1.44) in a research note on Tuesday, March 14th. JPMorgan Chase & Co. lowered their price target on shares of Deliveroo from GBX 91 ($1.14) to GBX 88 ($1.10) in a report on Tuesday, March 21st. Barclays boosted their target price on shares of Deliveroo from GBX 105 ($1.31) to GBX 110 ($1.37) in a research report on Friday, April 21st. Finally, Sanford C. Bernstein upgraded shares of Deliveroo from a “market perform” rating to an “outperform” rating in a research note on Monday, March 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Deliveroo has a consensus rating of “Hold” and an average target price of $118.00.
Deliveroo Stock Performance
Shares of Deliveroo stock opened at $1.28 on Wednesday. The firm has a 50-day simple moving average of $1.10 and a two-hundred day simple moving average of $1.06. Deliveroo has a fifty-two week low of $0.84 and a fifty-two week high of $1.43.
About Deliveroo
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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