Deliveroo plc (LON:ROO) Insider Adam Miller Sells 694,233 Shares

Deliveroo plc (LON:ROO) insider Adam Miller sold 694,233 shares of Deliveroo stock in a transaction on Wednesday, December 1st. The shares were sold at an average price of GBX 278 ($3.63), for a total value of £1,929,967.74 ($2,521,515.21).

LON:ROO opened at GBX 262.60 ($3.43) on Friday. Deliveroo plc has a 12-month low of GBX 224.44 ($2.93) and a 12-month high of GBX 396.80 ($5.18). The company has a quick ratio of 3.47, a current ratio of 3.50 and a debt-to-equity ratio of 3.26. The firm has a market capitalization of £4.81 billion and a P/E ratio of -22.83. The stock’s fifty day simple moving average is GBX 292.15 and its 200-day simple moving average is GBX 299.75.

Several equities research analysts have recently commented on ROO shares. JPMorgan Chase & Co. raised Deliveroo to an “overweight” rating and lifted their target price for the company from GBX 333 ($4.35) to GBX 392 ($5.12) in a research note on Wednesday, November 24th. Berenberg Bank restated a “hold” rating and issued a GBX 310 ($4.05) price target on shares of Deliveroo in a research report on Thursday, August 12th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Deliveroo presently has a consensus rating of “Buy” and a consensus target price of GBX 363.40 ($4.75).

Deliveroo Company Profile

Deliveroo plc operates an online food delivery platform. The company connects local consumers, restaurants and grocers, and riders to fulfil a purchase. It operates approximately in 800 locations across 12 markets, including Australia, Belgium, France, Hong Kong, Italy, Ireland, the Netherlands, Singapore, Spain, United Arab Emirates, Kuwait, and the United Kingdom.

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