Delivery Hero (OTCMKTS:DLVHF) Cut to “Hold” at Barclays

Delivery Hero (OTCMKTS:DLVHF) was downgraded by analysts at Barclays from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Delivery Hero in a report on Thursday, July 16th. UBS Group cut Delivery Hero from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 17th. Citigroup reiterated a “neutral” rating on shares of Delivery Hero in a research note on Wednesday, May 20th. Royal Bank Of Canada reissued an “outperform” rating on shares of Delivery Hero in a report on Friday, May 1st. Finally, Oddo Bhf downgraded Delivery Hero to an “underperform” rating in a research note on Monday, May 25th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold”.

Delivery Hero Stock Performance

Shares of DLVHF opened at $43.65 on Tuesday. The company’s fifty day moving average is $41.23 and its 200-day moving average is $30.21. Delivery Hero has a 12 month low of $17.48 and a 12 month high of $46.49.

About Delivery Hero

Delivery Hero SE is a global online food‐ordering and delivery platform that connects consumers, restaurants and couriers through its digital marketplace. The company’s core business revolves around providing a seamless, on‐demand food delivery experience via mobile apps and websites. Beyond traditional restaurant delivery, Delivery Hero also operates a network of cloud kitchens—known as “dark kitchens”—to meet growing consumer demand for a broader variety of cuisines and faster fulfilment times.

Founded in 2011 and headquartered in Berlin, Germany, Delivery Hero has grown through a combination of organic expansion and strategic acquisitions.