Delivery Hero SE (OTCMKTS:DLVHF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Delivery Hero SE (OTCMKTS:DLVHF) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company.

Several research firms have recently commented on DLVHF. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of Delivery Hero in a research note on Thursday, February 5th. Citigroup upgraded Delivery Hero from a “strong sell” rating to a “hold” rating in a research report on Tuesday, March 3rd. Finally, Cantor Fitzgerald raised Delivery Hero to a “neutral” rating in a report on Thursday, December 11th.

Delivery Hero Stock Up 8.4%

DLVHF traded up $1.52 during trading on Friday, hitting $19.56. The company’s stock had a trading volume of 10,600 shares, compared to its average volume of 2,973. The business’s 50 day simple moving average is $25.16 and its 200-day simple moving average is $25.50. Delivery Hero has a one year low of $17.48 and a one year high of $32.91.

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.