Deliveroo (LON:ROO) Shares Up 0.5% - Time to Buy?

Deliveroo plc (LON:ROO - Get Free Report) shares were up 0.5% during mid-day trading on Wednesday . The stock traded as high as GBX 155.70 ($2.04) and last traded at GBX 154.80 ($2.03). Approximately 1,706,326 shares were traded during trading, a decline of 46% from the average daily volume of 3,163,827 shares. The stock had previously closed at GBX 154.10 ($2.02).

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group lowered their target price on shares of Deliveroo from GBX 205 ($2.68) to GBX 202 ($2.64) and set a "buy" rating on the stock in a research note on Thursday, June 27th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of GBX 165.75 ($2.17).

Deliveroo Stock Up 0.4 %

The company has a current ratio of 1.92, a quick ratio of 3.70 and a debt-to-equity ratio of 10.96. The firm has a market cap of £2.41 billion, a P/E ratio of 5,190.00, a PEG ratio of -0.15 and a beta of 0.43. The company's 50 day simple moving average is GBX 150.66 and its 200-day simple moving average is GBX 137.91.

Insider Buying and Selling at Deliveroo

In other news, insider Will Shu sold 2,648,173 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of GBX 158 ($2.07), for a total value of £4,184,113.34 ($5,475,871.40). Company insiders own 23.60% of the company's stock.

Deliveroo Company Profile

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.