Hellofresh (ETR:HFG) Reaches New 52-Week High at $52.60
Hellofresh SE (ETR:HFG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as €52.60 ($59.10) and last traded at €51.40 ($57.75), with a volume of 920774 shares trading hands. The stock had previously closed at €52.00 ($58.43).
Several brokerages have recently weighed in on HFG. Barclays set a €55.00 ($61.80) price objective on shares of Hellofresh and gave the stock a “buy” rating in a research note on Tuesday. Berenberg Bank set a €43.00 ($48.31) price target on shares of Hellofresh and gave the stock a “buy” rating in a research report on Wednesday, May 6th. Morgan Stanley set a €42.00 ($47.19) price objective on shares of Hellofresh and gave the company a “neutral” rating in a research report on Friday, May 15th. JPMorgan Chase & Co. set a €47.00 ($52.81) price objective on Hellofresh and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Deutsche Bank set a €47.00 ($52.81) target price on Hellofresh and gave the company a “buy” rating in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Hellofresh presently has a consensus rating of “Buy” and an average price target of €41.72 ($46.87).
The stock’s 50-day simple moving average is €40.75 and its two-hundred day simple moving average is €28.64. The firm has a market capitalization of $8.49 billion and a P/E ratio of -829.03. The company has a debt-to-equity ratio of 43.51, a current ratio of 1.38 and a quick ratio of 1.14.
HelloFresh SE delivers meal kit solutions to prepare home-cooked meals using its recipes. The company offers premium meals, double portions, and others, as well as seasonal meal-kits, including a Christmas and Thanksgiving boxes; and wines and snacks. It also sells meal-kits through the retail supermarket channel, as well as vending machines.
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