Barclays Sticks to Its Hold Rating for HelloFresh SE (HFG)
Barclays analyst Andrew Ross maintained a Hold rating on HelloFresh SE today and set a price target of €6.50.
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According to TipRanks, Ross is a 3-star analyst with an average return of 1.8% and a 47.02% success rate. Ross covers the Consumer Cyclical sector, focusing on stocks such as HelloFresh SE, Delivery Hero SE, and AUTO1 Group SE.
In addition to Barclays, HelloFresh SE also received a Hold from Deutsche Bank ‘s Nizla Naizer in a report issued on March 4. However, on March 9, Jefferies maintained a Buy rating on HelloFresh SE (XETRA: HFG).
Based on HelloFresh SE’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of €1.58 billion and a GAAP net loss of €49.2 million. In comparison, last year the company earned a revenue of €1.83 billion and had a GAAP net loss of €33.3 million
Based on the recent corporate insider activity of 7 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of HFG in relation to earlier this year.
