Deliveroo Announces Major Shareholding Notification

Deliveroo plc Class A ( (GB:ROO) ) just unveiled an announcement.

Deliveroo plc has announced a notification of major holdings in the company, as required by regulatory guidelines. FIL Limited, a Bermuda-based entity, has adjusted its holdings in Deliveroo, now holding a total of 9.9623% of voting rights. This change in holdings may 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 stock is buoyed by strong financial performance and strategic initiatives, such as share buybacks and earnings growth. However, high valuation and technical indicators suggesting overbought conditions temper the outlook. Continued focus on improving profitability and navigating market challenges are critical for future success.

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

More about Deliveroo plc Class A

Deliveroo plc operates in the food delivery industry, providing a platform for customers to order meals from local restaurants and have them delivered to their homes or offices. The company focuses on enhancing the convenience and speed of food delivery services in various markets.

Average Trading Volume: 6,607,710

Technical Sentiment Signal: Buy

Current Market Cap: £2.53B

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