Deliveroo Seeks Admission of New Shares to London Stock Exchange

Deliveroo plc Class A ( (GB:ROO) ) just unveiled an announcement.

Deliveroo has applied for the admission of 39,131,000 Ordinary Shares to the equity shares category of the Official List of the FCA and trading on the London Stock Exchange. These shares will be issued as needed for the vesting of awards and exercise of share options under various Deliveroo share plans. This move is expected to enhance Deliveroo’s operational flexibility and potentially strengthen its market position by aligning employee incentives with company growth.

The most recent analyst rating on (GB:ROO) stock is a Hold with a £1.55 price target. To see the full list of analyst forecasts on Deliveroo plc Class A stock, see the GB:ROO Stock Forecast page.

Spark’s Take on GB:ROO Stock

According to Spark, TipRanks’ AI Analyst, GB:ROO is a Neutral.

Deliveroo’s overall stock score reflects a mix of improving financial health and strategic growth initiatives, tempered by high valuation concerns and profitability challenges. The positive momentum from corporate events and earnings call insights contribute to a favorable outlook, but valuation remains a significant risk.

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 178,000 restaurants, grocers, and retail partners, and employs around 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.

Average Trading Volume: 16,438,744

Technical Sentiment Signal: Buy

Current Market Cap: £2.57B

Learn more about ROO stock on TipRanks’ Stock Analysis page.