Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

456.50p
   
  • Change Today:
    -10.00p
  • 52 Week High: 976.40
  • 52 Week Low: 343.40
  • Currency: UK Pounds
  • Shares Issued: 828.68m
  • Volume: 737,106
  • Market Cap: £3,782.92m

Ocado surges as Deutsche Bank hints at possible buyout by M&S

By Michele Maatouk

Date: Friday 19 Nov 2021

LONDON (ShareCast) - (Sharecast News) - Ocado surged to the top of the FTSE 100 on Friday as Deutsche Bank hinted at a possible buyout by Marks & Spencer.
In a research note on M&S, in which Deutsche lifted its price target on the buy-rated shares to 265p from 195p, it said: "Cash flow is no longer being squandered on an unsustainable dividend but saved to recover the investment grade credit rating that may be required to buy out Ocado."

M&S and Ocado became joint owners of Ocado Retail in August 2019. Marks paid Ocado £750m for a 50% share of the JV, which began trading in September 2020, when Ocado's partnership with Waitrose ran out.

At 0910 GMT, Ocado shares were up 5.6% at 1,874.50p.

Neil Wilson, chief market analyst at Markets.com, said: "It could happen, seems like a natural evolution to ultimately split the two businesses once the international deals actually start delivering some free cash."

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 456.50p
Change Today -10.00p
% Change -2.14 %
52 Week High 976.40
52 Week Low 343.40
Volume 737,106
Shares Issued 828.68m
Market Cap £3,782.92m

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
25.2% below the market average25.2% below the market average25.2% below the market average25.2% below the market average25.2% 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
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income Not Available
Growth
17.73% below the market average17.73% below the market average17.73% below the market average17.73% below the market average17.73% 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
15:12 76 @ 456.20p
15:12 744 @ 456.50p
15:12 2 @ 456.50p
15:12 1 @ 456.50p
15:11 646 @ 456.70p

Ocado Group Key Personnel

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

Top of Page