Deliveroo plc Class A ( (GB:ROO) ) just unveiled an announcement.
Deliveroo has repurchased 872,351 of its own shares as part of its ongoing share purchase program, with plans to cancel these shares. This transaction, executed through Goldman Sachs International, affects the company’s share capital and voting rights, potentially impacting shareholder calculations 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 over 130,000 riders to offer on-demand delivery services. Headquartered in London, Deliveroo operates in nine markets, including the UK, France, and Singapore.
YTD Price Performance: -15.29%
Average Trading Volume: 3,513,447
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.75B
For a thorough assessment of ROO stock, go to TipRanks’ Stock Analysis page.