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Deliveroo plc Class A ( (GB:ROO) ) has provided an update.
Deliveroo plc announced that its issued share capital now stands at 1,510,437,068 Ordinary Shares, with 13,634,415 Shares held in treasury, resulting in a total of 1,496,802,653 voting rights. This update is significant for shareholders as it affects the calculations for notifying changes in their interests under the FCA’s Disclosure Guidance and Transparency Rules.
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 score is driven by improving financial performance and positive corporate events. However, valuation concerns and potential overbought technical indicators limit the upside. The company’s strategic initiatives and recent earnings call provide a positive outlook, but profitability challenges and high valuation remain key risks.
To see Spark’s full report on GB:ROO stock, click here.
More about Deliveroo plc Class A
Deliveroo plc operates in the food delivery industry, primarily offering online food ordering and delivery services. The company focuses on connecting consumers with a wide range of restaurants and eateries, providing a platform for efficient and timely food delivery.
Average Trading Volume: 7,453,405
Technical Sentiment Signal: Buy
Current Market Cap: £2.54B
Learn more about ROO stock on TipRanks’ Stock Analysis page.