Deliveroo plc Class A ( (GB:ROO) ) has issued an update.
Deliveroo has executed a purchase of 1,098,325 of its own ordinary shares through Goldman Sachs International on various trading platforms, as part of its ongoing share purchase program. The purchased shares are intended to be cancelled, impacting the company’s share capital and voting rights, which may affect shareholder notifications under regulatory guidelines.
Spark’s Take on GB:ROO Stock
According to Spark, TipRanks’ AI Analyst, GB:ROO is a Neutral.
Deliveroo’s stock score is bolstered by improving financial performance and positive earnings highlights, such as profitability and cash flow improvements. However, technical indicators and high valuation pose risks. The company’s strategic focus on enhancing its value proposition and navigating market challenges is vital for future growth.
To see Spark’s full report on GB:ROO stock, click here.
More about Deliveroo plc Class A
Deliveroo is an award-winning delivery service founded in 2013 by William Shu and Greg Orlowski. It collaborates with approximately 176,000 restaurants, grocers, and retail partners, and employs over 130,000 riders to provide on-demand delivery services. Headquartered in London, Deliveroo operates in nine markets, including Belgium, France, Italy, Ireland, Kuwait, Qatar, Singapore, United Arab Emirates, and the United Kingdom.
YTD Price Performance: -15.22%
Average Trading Volume: 3,501,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.65B
For an in-depth examination of ROO stock, go to TipRanks’ Stock Analysis page.