Delivery Hero SE (OTCMKTS:DLVHF) Given Average Recommendation of “Moderate Buy” by Brokerages

Delivery Hero SE (OTCMKTS:DLVHF) has received an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company.

A number of brokerages have issued reports on DLVHF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of Delivery Hero in a research note on Thursday, February 5th. Cantor Fitzgerald upgraded Delivery Hero to a “neutral” rating in a report on Thursday, December 11th. Finally, Citigroup upgraded shares of Delivery Hero from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 3rd.

Delivery Hero Stock Performance

Shares of DLVHF traded up $1.52 during mid-day trading on Friday, reaching $19.56. The company had a trading volume of 10,600 shares, compared to its average volume of 2,973. The firm has a 50-day moving average price of $25.16 and a 200 day moving average price of $25.50. Delivery Hero has a 52 week low of $17.48 and a 52 week 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.