Deliveroo plc Class A ( (GB:ROO) ) just unveiled an update.
Deliveroo has repurchased 1,039,069 ordinary shares through Goldman Sachs International on various stock exchanges as part of its ongoing share purchase program. This transaction is intended to cancel the purchased shares, impacting the company’s share capital and voting rights, which may affect shareholder calculations 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. The company collaborates with approximately 176,000 restaurants, grocers, and retail partners, and employs over 130,000 riders to offer an on-demand delivery experience. 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: -15.22%
Average Trading Volume: 3,501,077
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.65B
See more insights into ROO stock on TipRanks’ Stock Analysis page.