Six reasons to buy Deliveroo, says Barclays

Deliveroo PLC (LSE:ROO) was a rare flash of green on a day of red in global stock markets, pedalling 3% higher after Barclays upgraded its rating and set out six reasons to own the stock. Moving to an ‘overweight' stance on the shares, the reasons set out by the bank's analysts were as follows: growth should improve in 2024 mid-term margin upside is seen M&A upside once founder Will Shu's special class B shares are due to expire in April possible cash returns valuation support on free cash flow basis and F ...