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

Delivery Hero SE (OTCMKTS:DLVHF) has been given a consensus recommendation of “Hold” by the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company.

A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group downgraded Delivery Hero to a “hold” rating in a report on Friday, July 24th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of Delivery Hero in a report on Thursday, July 16th. Oddo Bhf downgraded shares of Delivery Hero to an “underperform” rating in a research report on Monday, May 25th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Delivery Hero in a report on Friday, May 1st. Finally, UBS Group lowered Delivery Hero from a “strong-buy” rating to a “hold” rating in a report on Friday, July 17th.

Delivery Hero Stock Performance

OTCMKTS:DLVHF traded down $2.73 during mid-day trading on Thursday, hitting $40.92. 196 shares of the stock were exchanged, compared to its average volume of 11,733. The firm’s 50-day simple moving average is $42.17 and its 200 day simple moving average is $30.84. Delivery Hero has a fifty-two week low of $17.48 and a fifty-two week 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.