Will Shu Sells 4,010,599 Shares of Deliveroo plc (LON:ROO) Stock

Deliveroo plc (LON:ROO) insider Will Shu sold 4,010,599 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of GBX 156 ($2.06), for a total value of £6,256,534.44 ($8,264,906.79).

Will Shu also recently made the following trade(s):

• On Friday, September 13th, Will Shu sold 2,648,173 shares of Deliveroo stock. 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 Stock Performance

Shares of LON ROO opened at GBX 157 ($2.07) on Friday. The stock has a 50 day moving average price of GBX 143.11 and a 200 day moving average price of GBX 133.87. Deliveroo plc has a 52 week low of GBX 107.40 ($1.42) and a 52 week high of GBX 166.20 ($2.20). The company has a debt-to-equity ratio of 10.96, a quick ratio of 3.70 and a current ratio of 1.92. The stock has a market capitalization of £2.43 billion, a PE ratio of 5,233.33, a price-to-earnings-growth ratio of -0.15 and a beta of 0.43.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reduced their price objective on Deliveroo from GBX 205 ($2.71) to GBX 202 ($2.67) and set a “buy” rating for the company in a research report 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price 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.