Deliveroo (LON:ROO) Trading Up 1.5%

Shares of Deliveroo plc (LON:ROO) were up 1.5% during mid-day trading on Thursday . The stock traded as high as GBX 118.80 ($1.50) and last traded at GBX 118.30 ($1.50). Approximately 1,209,335 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 1,769,357 shares. The stock had previously closed at GBX 116.50 ($1.47).

Analysts Set New Price Targets

ROO has been the subject of a number of analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Deliveroo from GBX 142 ($1.79) to GBX 166 ($2.10) and gave the company a “neutral” rating in a research report on Wednesday, December 6th. Shore Capital reissued a “sell” rating on shares of Deliveroo in a research report on Thursday, December 14th. Finally, Barclays lifted their target price on shares of Deliveroo from GBX 120 ($1.52) to GBX 145 ($1.83) and gave the stock an “equal weight” rating in a report on Thursday, November 30th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of GBX 157.75 ($1.99).

Deliveroo Stock Up 1.5 %

The firm’s 50-day moving average price is GBX 117.37 and its 200 day moving average price is GBX 125. The company has a market capitalization of £1.74 billion, a price-to-earnings ratio of -11,830.00, a PEG ratio of -0.15 and a beta of 0.40. The company has a current ratio of 2.10, a quick ratio of 3.70 and a debt-to-equity ratio of 11.71.

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.