Deliveroo plc Class A ( (GB:ROO) ) has shared an update.
Deliveroo has repurchased 79,301 of its own shares through Goldman Sachs International as part of its share purchase program, initially announced in August 2024. The shares, bought at an average price of £1.4111, are intended to be canceled, which will adjust the company’s issued share capital and voting rights. This move is part of Deliveroo’s strategic financial management, potentially impacting shareholder value and market perception.
Spark’s Take on GB:ROO Stock
According to Spark, TipRanks’ AI Analyst, GB:ROO is a Outperform.
Deliveroo’s overall stock score reflects a mix of improving financial performance and positive earnings highlights, such as profitability and cash flow improvements. However, the high valuation poses a risk, and technical indicators suggest cautious optimism. 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 partners with approximately 176,000 restaurants, grocers, and retail partners, and employs over 130,000 riders to provide on-demand delivery services across nine markets, including the UK, France, and Singapore. Headquartered in London, Deliveroo operates globally with a focus on delivering a top-tier delivery experience.
YTD Price Performance: 3.31%
Average Trading Volume: 3,792,459
Technical Sentiment Signal: Sell
Current Market Cap: £2.12B
For an in-depth examination of ROO stock, go to TipRanks’ Stock Analysis page.