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Jefferies Sticks to Its Buy Rating for HelloFresh SE (HFG)

Tipranks - Tipranks - Thu Mar 19, 5:58AM CDT

Jefferies analyst Giles Thorne maintained a Buy rating on HelloFresh SE today and set a price target of €8.70.

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Thorne covers the Consumer Cyclical sector, focusing on stocks such as Delivery Hero SE, HelloFresh SE, and AUTO1 Group SE. According to TipRanks, Thorne has an average return of -2.3% and a 38.17% success rate on recommended stocks.

In addition to Jefferies, HelloFresh SE also received a Buy from UBS’s Joseph Barnet-Lamb in a report issued today. However, on the same day, J.P. Morgan maintained a Hold rating on HelloFresh SE (XETRA: HFG).

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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

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