FRANKFURT (dpa-AFX) - The shares of European food delivery companies drifted apart on Wednesday. While the shares of meal kit provider Hellofresh were back on track to reach their interim high from December, with a gain of 7.5 percent, Delivero Hero temporarily fell by almost 4 percent. Most recently, Delivery Hero was still down 0.4 percent.
"After two unappetizing years, a fresh phase is beginning for food delivery companies," wrote analyst Alistair Johnson of Exane BNP Paribas in a commentary. "But investors need to be selective."
He gave up his skeptical stance on both Hellofresh and Just Eat Takeaway and now rates both as "neutral." He recommended the British company Deliveroo with an "outperform" rating, which temporarily led to a 4.4 percent recovery in its shares - from their lowest level since August 2024.
By contrast, he gave Delivery Hero the thumbs down and issued an "underperform" rating against the trend of opinion. The Berliners are having a hard time delivering, he wrote, with an eye to ambitious expectations./ag/mis/jha/