FRANKFURT (dpa-AFX) - The downward spiral of Delivery Hero shares, which began in September, continued on Tuesday. In early Xetra trading, the price of the food delivery service dropped further towards its previous record low, which was set in February 2024 at EUR14.92.
Shares were traded as much as four percent lower in the morning, at EUR16.03. This pushed their year-to-date loss above the 40 percent mark. In mid-September, shares had still been trading at around EUR30, nearly double their current value.
Analysts at Cantor Fitzgerald downgraded Delivery Hero to "Underweight," setting a price target of EUR14--below the stock's historical low.
With this move, Cantor's experts are deviating significantly from the consensus: According to the dpa-AFX Analyser database, seven other analyst firms had recently reaffirmed their positive recommendations.
Aside from this, there are neutral assessments from Deutsche Bank and Citigroup. Only the French investment bank BNP Paribas has also issued a negative rating, with an "Underperform" recommendation./tih/mis
