tiprankstipranks
Trending News
More News >

Morgan Stanley Increases Stake in Deliveroo

Story Highlights
Morgan Stanley Increases Stake in Deliveroo

Don’t Miss TipRanks’ Half-Year Sale

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.

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