HelloFresh SE (OTCMKTS:HLFFF – Get Rating) has received a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $55.75.

Several research firms recently issued reports on HLFFF. JPMorgan Chase & Co. cut their target price on HelloFresh from €47.00 ($47.00) to €37.00 ($37.00) and set a "neutral" rating on the stock in a research note on Friday, May 27th. Morgan Stanley cut their target price on HelloFresh from €78.00 ($78.00) to €46.00 ($46.00) in a research note on Monday, June 20th. Deutsche Bank Aktiengesellschaft cut their price objective on HelloFresh from €89.00 ($89.00) to €70.00 ($70.00) and set a "buy" rating on the stock in a research report on Monday, June 27th. Finally, Barclays cut their price objective on HelloFresh from €90.00 ($90.00) to €70.00 ($70.00) in a research report on Friday, July 1st.

Shares of OTCMKTS:HLFFF opened at $33.45 on Friday. The stock's 50-day moving average price is $35.30 and its 200-day moving average price is $47.44. HelloFresh has a 12-month low of $28.70 and a 12-month high of $114.91.

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 add-ons, such as soups, snacks, fruit boxes, desserts, ready-to-eat meals, and seasonal boxes. It also sells meal-kits through vending machines.

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