Deliveroo plc (LON:ROO) Insider Will Shu Sells 2,648,173 Shares of Stock

Deliveroo plc (LON:ROO) insider Will Shu sold 2,648,173 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of GBX 158 ($2.09), for a total value of £4,184,113.34 ($5,527,230.30).

Deliveroo Price Performance

LON ROO opened at GBX 157.30 ($2.08) on Tuesday. The business’s fifty day moving average price is GBX 141.84 and its 200-day moving average price is GBX 133.38. The stock has a market capitalization of £2.45 billion, a price-to-earnings ratio of 5,243.33, a PEG ratio of -0.15 and a beta of 0.43. The company has a debt-to-equity ratio of 10.96, a current ratio of 1.92 and a quick ratio of 3.70. Deliveroo plc has a 1-year low of GBX 107.40 ($1.42) and a 1-year high of GBX 166.20 ($2.20).

Analysts Set New Price Targets

Separately, Jefferies Financial Group cut their target price on Deliveroo from GBX 205 ($2.71) to GBX 202 ($2.67) and set a “buy” rating on the stock in a research note on Thursday, June 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of GBX 165.75 ($2.19).

About Deliveroo

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.