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The latest update is out from Deliveroo plc Class A ( (GB:ROO) ).
Deliveroo plc has announced a significant change in its shareholding structure, with Morgan Stanley increasing its voting rights in the company. The notification reveals that Morgan Stanley now holds 6.125% of Deliveroo’s voting rights, up from a previous position of 5.038%. This change in holdings could impact Deliveroo’s governance and strategic decision-making, potentially influencing the company’s future direction and its stakeholders’ interests.
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 is a UK-based company operating in the food delivery industry. It primarily offers online food ordering and delivery services, connecting customers with a wide range of restaurants and eateries. The company focuses on providing a convenient and efficient platform for food delivery, catering to the needs of both consumers and restaurant partners.
Average Trading Volume: 13,846,303
Technical Sentiment Signal: Buy
Current Market Cap: £2.55B
Learn more about ROO stock on TipRanks’ Stock Analysis page.