The competitor of Takeaway, Deliveroo, leaves the German market is good news for the Dutch meal delivery company. That confirms that Takeaway’s delivery strategy works well, write market experts at ING. There are no major competitors on the German market anymore.
The analysts believe that Deliveroo’s departure shows that having your own delivery service is too expensive, as Takeaway has claimed for some time. They therefore expect Takeaway-Just Eat, a merger company, to further increase Takeaway’s current strategy, which is aimed at restaurant delivery staff themselves. In the United Kingdom in particular there is room for improvement. ING expects the merger to be completed in the fourth quarter of this year.
ING has a buy recommendation on Takeaway and a target price of 100 euros. The share was around 10.45 hours 1.4 percent higher at 85.70 euros.