JPMorgan Chase & Co. Trims HelloFresh (OTCMKTS:HLFFF) Target Price to €68.00

HelloFresh (OTCMKTS:HLFFF) had its price target dropped by analysts at JPMorgan Chase & Co. from €78.00 ($88.64) to €68.00 ($77.27) in a research note issued to investors on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the stock.

Several other analysts have also recently weighed in on the company. Berenberg Bank reaffirmed a “buy” rating on shares of HelloFresh in a research report on Thursday, November 4th. Credit Suisse Group reaffirmed an “outperform” rating on shares of HelloFresh in a research report on Wednesday, November 3rd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of HelloFresh in a research report on Tuesday, October 19th. Citigroup reissued a “buy” rating on shares of HelloFresh in a research report on Thursday, October 21st. Finally, Morgan Stanley reissued an “equal weight” rating on shares of HelloFresh in a research report on Friday, November 5th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HelloFresh presently has an average rating of “Hold” and a consensus target price of $90.50.

HelloFresh stock traded up $0.66 during trading hours on Friday, hitting $68.25. 646 shares of the stock traded hands, compared to its average volume of 5,956. The firm’s 50-day moving average price is $87.28 and its two-hundred day moving average price is $94.75. HelloFresh has a one year low of $64.13 and a one year high of $114.91.

About HelloFresh

HelloFresh SE engages in the provision of personalized meal solutions. It operates through the following segments: United States of America (USA), International, and Holding. The International segment comprises Australia, Austria, Belgium, Canada, Germany, the Netherlands, Switzerland, and the United Kingdom.

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