Deliveroo (LON:ROO) Price Target Lowered to GBX 202 at Jefferies Financial Group

Deliveroo (LON:ROO) had its price objective lowered by Jefferies Financial Group from GBX 205 ($2.60) to GBX 202 ($2.56) in a research note issued to investors on Thursday, Marketbeat Ratings reports. The firm presently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 54.32% from the stock’s previous close.

Separately, Shore Capital reaffirmed a “sell” rating on shares of Deliveroo in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, Deliveroo has an average rating of “Hold” and a consensus price target of GBX 165.75 ($2.10).

Deliveroo Stock Performance

Deliveroo stock opened at GBX 130.90 ($1.66) on Thursday. Deliveroo has a 12-month low of GBX 106.14 ($1.35) and a 12-month high of GBX 156 ($1.98). The company has a market capitalization of £2.06 billion, a price-to-earnings ratio of -13,090.00, a price-to-earnings-growth ratio of -0.15 and a beta of 0.36. The company has a debt-to-equity ratio of 11.71, a current ratio of 2.10 and a quick ratio of 3.70. The firm’s fifty day moving average price is GBX 134.53 and its 200 day moving average price is GBX 126.54.

Insiders Place Their Bets

In other Deliveroo news, insider Will Shu sold 2,391,023 shares of the firm’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of GBX 127 ($1.61), for a total transaction of £3,036,599.21 ($3,852,085.77). 23.57% of the stock is owned by company insiders.

About Deliveroo

Deliveroo plc, a holding company, operates an online food delivery platform in the United Kingdom, Ireland, France, Italy, Belgium, Hong Kong, Singapore, the United Arab Emirates, Kuwait, and Qatar. The company connects local consumers, shops, riders and restaurants, and grocery partners. Deliveroo plc was founded in 2013 and is based in London, the United Kingdom.