Deliveroo (LON:ROO) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Deliveroo (LON:ROOGet Rating) to an underweight rating in a research report sent to investors on Tuesday, reports.

A number of other equities research analysts have also issued reports on ROO. Barclays dropped their target price on Deliveroo from GBX 170 ($2.08) to GBX 110 ($1.35) and set an equal weight rating on the stock in a research report on Tuesday, July 19th. Berenberg Bank set a GBX 140 ($1.72) price target on Deliveroo in a research report on Tuesday, July 19th. Shore Capital reaffirmed a not rated rating on shares of Deliveroo in a research report on Tuesday, July 19th. Beaufort Securities raised Deliveroo to a buy rating and lowered their price target for the stock from GBX 295 ($3.61) to GBX 140 ($1.72) in a research report on Tuesday, July 19th. Finally, Morgan Stanley reaffirmed an equal weight rating on shares of Deliveroo in a research report on Tuesday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, Deliveroo currently has an average rating of Hold and an average target price of GBX 135.80 ($1.66).

Deliveroo Stock Down 4.3 %

Shares of Deliveroo stock opened at GBX 96.20 ($1.18) on Tuesday. The business’s 50 day simple moving average is GBX 91.38 and its 200 day simple moving average is GBX 110.86. Deliveroo has a 52-week low of GBX 77.58 ($0.95) and a 52-week high of GBX 396.80 ($4.86). The firm has a market cap of £1.88 billion and a PE ratio of -5.19. The company has a debt-to-equity ratio of 4.34, a quick ratio of 3.61 and a current ratio of 3.74.

Insider Transactions at Deliveroo

In other news, insider Adam Miller sold 40,314 shares of Deliveroo stock in a transaction that occurred on Wednesday, June 15th. The stock was sold at an average price of GBX 81 ($0.99), for a total transaction of £32,654.34 ($40,012.67). In the last three months, insiders sold 121,221 shares of company stock worth $10,385,529.

About Deliveroo

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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 (LON:ROO)

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