Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

455.10p
   
  • Change Today:
    -11.40p
  • 52 Week High: 976.40
  • 52 Week Low: 343.40
  • Currency: UK Pounds
  • Shares Issued: 828.68m
  • Volume: 1,834,706
  • Market Cap: £3,771.31m

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.

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Ocado Group Market Data

Currency UK Pounds
Share Price 455.10p
Change Today -11.40p
% Change -2.44 %
52 Week High 976.40
52 Week Low 343.40
Volume 1,834,706
Shares Issued 828.68m
Market Cap £3,771.31m

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
24.6% below the market average24.6% below the market average24.6% below the market average24.6% below the market average24.6% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Price Trend
38.06% below the market average38.06% below the market average38.06% below the market average38.06% below the market average38.06% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
18.5% below the market average18.5% below the market average18.5% below the market average18.5% below the market average18.5% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 5
Strong Sell 0
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 28-Mar-2024

Time Volume / Share Price
16:35 791,308 @ 455.10p
16:35 115 @ 455.10p
16:35 1,085 @ 455.10p
16:35 1,703 @ 455.10p
16:35 2,205 @ 455.10p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith
Chair Richard N (Rick) Haythornthwaite

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