tiprankstipranks
Trending News
More News >

Deliveroo Updates Share Capital and Voting Rights

Story Highlights
Deliveroo Updates Share Capital and Voting Rights

Don’t Miss TipRanks’ Half-Year Sale

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.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1