Other equities analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft cut their target price on HelloFresh from €89.00 ($92.71) to €70.00 ($72.92) and set a buy rating on the stock in a research report on Monday, June 27th. JPMorgan Chase & Co. lowered their price target on HelloFresh from €47.00 ($48.96) to €37.00 ($38.54) and set a neutral rating for the company in a report on Friday, May 27th. Finally, Morgan Stanley lowered their price target on HelloFresh from €78.00 ($81.25) to €46.00 ($47.92) in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus target price of $55.75.
Shares of OTCMKTS:HLFFF opened at $32.91 on Friday. HelloFresh has a 1 year low of $28.70 and a 1 year high of $114.91. The stock has a 50-day simple moving average of $36.00 and a 200-day simple moving average of $49.10.
HelloFresh SE delivers meal kit solutions to prepare home-cooked meals using its recipes. The company offers premium meals, double portions, and others, as well as add-ons, such as soups, snacks, fruit boxes, desserts, ready-to-eat meals, and seasonal boxes. It also sells meal-kits through vending machines.
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