Delivery Hero SE (OTCMKTS:DLVHF) Receives Average Recommendation of “Hold” from Brokerages

Delivery Hero SE (OTCMKTS:DLVHF) has been given an average rating of “Hold” by the nine analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company.

A number of brokerages recently weighed in on DLVHF. Oddo Bhf cut shares of Delivery Hero to an “underperform” rating in a research note on Monday, May 25th. Barclays cut shares of Delivery Hero from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 21st. Jefferies Financial Group downgraded shares of Delivery Hero to a “hold” rating in a research note on Friday, July 24th. Citigroup reissued a “neutral” rating on shares of Delivery Hero in a report on Wednesday, May 20th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Delivery Hero in a research report on Friday, May 1st.

Delivery Hero Price Performance

Shares of DLVHF stock remained flat at $41.50 during trading hours on Monday. The stock has a 50-day simple moving average of $41.59 and a 200-day simple moving average of $32.29. Delivery Hero has a 52 week low of $17.48 and a 52 week high of $46.49.

Delivery Hero Company Profile

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.