Deliveroo PLC 56.5% potential upside indicated by Jefferies

Deliveroo PLC with ticker (LON:ROO) now has a potential upside of 56.5% according to Jefferies.



Jefferies set a target price of 205 GBX for the company, which when compared to the Deliveroo PLC share price of 131 GBX at opening today (19/04/2024) indicates a potential upside of 56.5%. Trading has ranged between 97 (52 week low) and 149 (52 week high) with an average of 1,705,540 shares exchanging hands daily. The market capitalisation at the time of writing is £2,071,758,118.

Deliveroo plc is a United Kingdom-based company which provides delivery service through its online platform. The Company is involved in offering an on-demand delivery service via a hyper-local three-sided online marketplace. It connects consumers, riders and restaurant, grocery and retail partners across local markets to bring people the products. The Company works with approximately 182,000 restaurants and grocery partners, as well as around 135,000 riders to provide the food delivery services. It covers a range of cuisines and price options, with access to approximately 158,000 restaurant partner sites globally and approximately 18,000 grocery partner sites. Its Plus subscription program provides benefits to the consumers with free delivery and additional rewards. It has built a diverse base of approximately 176,000 merchants. It operates across 10 markets, including Belgium, France, Hong Kong, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates and the United Kingdom.