Deliveroo Announces Changes in Major Shareholdings

Deliveroo plc Class A ( (GB:ROO) ) has issued an update.

Deliveroo plc announced a notification of major holdings in the company, revealing changes in voting rights due to an acquisition or disposal by JPMorgan Chase & Co. The notification indicates a decrease in the total voting rights held by JPMorgan, which could influence Deliveroo’s shareholder dynamics and potentially impact its strategic decisions.

The most recent analyst rating on (GB:ROO) stock is a Hold with a £1.55 price target. To see the full list of analyst forecasts on Deliveroo plc Class A stock, see the GB:ROO Stock Forecast page.

Spark’s Take on GB:ROO Stock

According to Spark, TipRanks’ AI Analyst, GB:ROO is a Neutral.

Deliveroo’s overall score is driven by improving financial performance and positive corporate events. However, valuation concerns and potential overbought technical indicators limit the upside. The company’s strategic initiatives and recent earnings call provide a positive outlook, but profitability challenges and high valuation remain key risks.

To see Spark’s full report on GB:ROO stock, click here.

More about Deliveroo plc Class A

Deliveroo plc is a UK-based company operating in the food delivery industry. It primarily provides an online platform for ordering food from local restaurants and delivering it to customers. Deliveroo focuses on enhancing the food delivery experience and expanding its market presence.

Average Trading Volume: 9,906,845

Technical Sentiment Signal: Buy

Current Market Cap: £2.55B

Find detailed analytics on ROO stock on TipRanks’ Stock Analysis page.