Deliveroo plc Class A ( (GB:ROO) ) has shared an update.
Deliveroo has announced the purchase of 1,001,603 of its own ordinary shares through Goldman Sachs International on various stock exchanges. This transaction is part of the company’s ongoing share purchase program, with the intention to cancel the acquired shares. Following this purchase, Deliveroo’s issued share capital stands at 1,510,437,068 ordinary shares, with 6,453,142 held in treasury. This move affects the total number of voting rights, now amounting to 1,503,983,926, which is significant for shareholder interest notifications under FCA rules.
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 offer on-demand delivery services. Headquartered in London, Deliveroo operates in nine markets, including Belgium, France, Italy, Ireland, Kuwait, Qatar, Singapore, the United Arab Emirates, and the United Kingdom.
YTD Price Performance: -20.30%
Average Trading Volume: 3,727,913
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.82B
See more data about ROO stock on TipRanks’ Stock Analysis page.