Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

   Trade now with Barclays Stockbrokers   Trade now with Barclays   Sponsored by Barclays Stockbrokers

1,201.00p
   
  • Change Today:
      50.00p
  • 52 Week High: 1,435.00
  • 52 Week Low: 749.80
  • Currency: UK Pounds
  • Shares Issued: 698.03m
  • Volume: 477,709
  • Market Cap: £8,383m
  • Beta: 0.02

Ocado shares rally as Citi bumps up price target, reiterates 'buy'

By Michele Maatouk

Date: Friday 21 Jun 2019

LONDON (ShareCast) - (Sharecast News) - Shares of grocery delivery company Ocado rallied on Friday as Citi upped its price target on the stock to 1,450p from 1,300p and reiterated its 'buy' rating.
"We reiterate our buy rating with our view that Ocado leads in a global online grocery market experiencing secular and structural growth," Citi said.

"Moreover the advent of the Ocado Zoom immediacy solution (less than one hour deliveries) significantly increases its addressable market, with the opportunity for greater automation (notably outbound robopicking) underpinning its long term economics," the bank added.

Citi said that Ocado Zoom, which is designed to deliver groceries to customers within a one-hour window, doubles the addressable market.

At 1255 BST, the shares were up 4.1% at 1,147.50, sitting at the top of the FTSE 100 index.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ocado Group Market Data

Currency UK Pounds
Share Price 1,201.00p
Change Today 50.00p
% Change 4.34 %
52 Week High 1,435.00
52 Week Low 749.80
Volume 477,709
Shares Issued 698.03m
Market Cap £8,383m
Beta 0.02

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
38.54% below the market average38.54% below the market average38.54% below the market average38.54% below the market average38.54% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
91.74% above the market average91.74% above the market average91.74% above the market average91.74% above the market average91.74% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Income Not Available
Growth
15.63% below the market average15.63% below the market average15.63% below the market average15.63% below the market average15.63% below the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 4
Sell 1
Strong Sell 5
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 19-Aug-2019

Time Volume / Share Price
15:41 200 @ 1,201.00p
15:41 400 @ 1,201.00p
15:41 512 @ 1,201.00p
15:41 200 @ 1,201.00p
15:41 34 @ 1,201.00p

Ocado Group Key Personnel

CEO Tim Steiner
COO Mark Richardson
CFO Duncan Tatton-Brown

Top of Page