Delivery Hero (OTCMKTS:DLVHF – Get Rating) had its target price reduced by JPMorgan Chase & Co. from €56.00 ($58.95) to €51.00 ($53.68) in a report released on Tuesday morning, The Fly reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.
Other research analysts have also issued reports about the stock. HSBC lowered shares of Delivery Hero from a buy rating to a hold rating in a research report on Monday, February 14th. Barclays dropped their price target on shares of Delivery Hero from €160.00 ($168.42) to €153.00 ($161.05) and set an overweight rating on the stock in a research report on Thursday, January 13th. UBS Group dropped their price target on shares of Delivery Hero from €151.00 ($158.95) to €110.00 ($115.79) in a research report on Monday, February 7th. Bryan, Garnier & Co lowered shares of Delivery Hero from a buy rating to a neutral rating in a research report on Friday, February 11th. Finally, Credit Suisse Group dropped their price target on shares of Delivery Hero from €90.00 ($94.74) to €80.00 ($84.21) and set an outperform rating on the stock in a research report on Monday, May 9th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of Buy and an average price target of $88.80.
Shares of OTCMKTS DLVHF opened at $29.54 on Tuesday. The company has a 50-day moving average price of $40.10 and a 200-day moving average price of $78.73. Delivery Hero has a 1 year low of $25.99 and a 1 year high of $156.03.
Delivery Hero SE offers online food ordering and delivery services. It operates approximately in 50 countries in Europe, the Middle East, North Africa, Asia, and the Americas. Delivery Hero SE has a strategic partnership agreement with Woowa Brothers Corp. to expand its Asian operations. The company was founded in 2011 and is headquartered in Berlin, Germany.
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