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Deliveroo plc Class A ( (GB:ROO) ) just unveiled an announcement.
Deliveroo plc has announced an update on its acquisition by DoorDash, Inc., which is progressing through a court-sanctioned scheme of arrangement under the Companies Act 2006. The acquisition has met several regulatory conditions, including EU and UK antitrust approvals, and is expected to be completed by early October 2025, pending final court sanctioning. This acquisition is likely to impact Deliveroo’s market positioning by integrating with DoorDash, potentially enhancing its operational capabilities and market reach.
The most recent analyst rating on (GB:ROO) stock is a Hold with a £191.00 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 stock score is primarily driven by its improving financial performance and positive technical indicators. However, the negative P/E ratio and lack of dividend yield present significant valuation concerns. The absence of earnings call data and corporate events means these factors do not influence the score.
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 an online platform for ordering food from local restaurants and delivering it to customers. The company focuses on providing convenient and efficient food delivery services in various markets.
Average Trading Volume: 17,403,737
Technical Sentiment Signal: Buy
Current Market Cap: £2.64B
For a thorough assessment of ROO stock, go to TipRanks’ Stock Analysis page.