Deliveroo Announces Major Shareholding Change

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

Deliveroo has announced a notification of major holdings in the company, revealing a significant change in voting rights. FIL Limited, based in Bermuda, has reduced its voting rights from 9.9623% to 4.6277%, indicating a substantial disposal of shares. This shift in shareholder structure could impact Deliveroo’s governance and strategic direction, influencing its market positioning and stakeholder interests.

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 offers an online platform that connects consumers with local restaurants and food outlets, focusing on efficient and timely delivery services.

Average Trading Volume: 11,891,060

Technical Sentiment Signal: Buy

Current Market Cap: £2.54B

See more data about ROO stock on TipRanks’ Stock Analysis page.