Berenberg Bank Sticks to Their Buy Rating for HelloFresh SE (HFG)
In a report released today, Trion Reid from Berenberg Bank maintained a Buy rating on HelloFresh SE, with a price target of €10.00.
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According to TipRanks, Reid is ranked #4044 out of 12173 analysts.
In addition to Berenberg Bank, HelloFresh SE also received a Buy from Jefferies’s Giles Thorne in a report issued yesterday. However, on the same day, Barclays maintained a Hold rating on HelloFresh SE (XETRA: HFG).
Based on HelloFresh SE’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of €1.55 billion and a net profit of €67.1 million. In comparison, last year the company earned a revenue of €1.81 billion and had a GAAP net loss of €28.2 million
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HFG in relation to earlier this year.
Read More on DE:HFG:
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- HelloFresh Earnings Call Charts Painful Yet Promising Reset
- HelloFresh price target lowered to EUR 3.60 from EUR 6 at JPMorgan
- HelloFresh price target lowered to EUR 10 from EUR 14 at Berenberg
- HelloFresh price target lowered to EUR 3.70 from EUR 5.50 at Morgan Stanley
- HFG Upcoming Earnings Report: What to Expect?
