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Share Price Information for Ocado (OCDO)

London Stock Exchange
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Share Price: 360.10
Bid: 363.70
Ask: 364.60
Change: -50.30 (-12.26%)
Spread: 0.90 (0.247%)
Open: 406.00
High: 406.00
Low: 360.10
Prev. Close: 410.40
OCDO Live PriceLast checked at -

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BoA ups price target for Ocado as expansion plans gear up

Wed, 08th May 2019 14:42

(Sharecast News) - Bank of America Merrill Lynch has upped its price objective for shares of Ocado, arguing that the online grocer is primed for further expansion."Ocado's playing field has been expanding while proving the uniqueness of its e-commerce solutions," analyst Xavier Le Mené argued in a note. "We believe it is a question of time before it announces new countries and more customer fulfilment centres within its existing partnerships."Le Mené said there were 32 markets around the world which had food sales above $20bn, but Ocado was currently only in seven. "It leaves room for another 25 countries to expand in, in theory," he argued. "Ocado will moreover continue innovating in immediacy and automatisation."Ocado, which recently announced a major new retail partnership with Marks & Spencer, is currently loss-making. Bank of America-Merrill Lynch believes it will break even in 2020 and that 2021 "should be the year of acceleration for the profit stream, with most of the partnerships going live. This is the first meaningful year, in our view, and a better reflection of Ocado's profit potential in the foreseeable future."The bank, which has a 'buy' recommendation on the stock, has upped its price objective to 1,630p from 1,020p.
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24 Jul 2023 08:48

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24 Jul 2023 07:33

Ocado to receive £200m from AutoStore in patent dispute settlement

(Sharecast News) - UK online supermarket Ocado has won a £200m settlement from Norwegian company AutoStore after a three-year legal battle over 'robot' patents.

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23 Jul 2023 09:51

Ocado to be paid GBP200m in deal to settle robot patent case

(Alliance News) - Online supermarket Ocado Group PLC is to be paid GBP200 million in a deal with Norwegian warehouse automation firm AutoStore AS, which accused it of breaching patents.

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22 Jul 2023 14:41

AutoStore and Ocado reach deal to settle patent litigation claims

July 22 (Reuters) - Norwegian robotics firm AutoStore will pay 200 million pounds ($257.1 million) to British online supermarket group Ocado as part of a deal between the warehouse tech pioneers to settle all outstanding patent litigation claims, they said on Saturday.

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22 Jul 2023 13:58

AutoStore, Ocado settle all patent litigation claims

July 22 (Reuters) - AutoStore Holdings and Ocado Group have reached an agreement to settle all patent litigation claims between them, the two firms said on Saturday. (Reporting by Anirudh Saligrama in Bengaluru; editing by Jason Neely)

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21 Jul 2023 09:33

LONDON BROKER RATINGS: Jefferies raises Hargreaves Lansdown to 'buy'

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19 Jul 2023 09:17

LONDON BROKER RATINGS: Exane raises Segro; Goldman likes Aston Martin

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18 Jul 2023 17:27

European shares boosted by Novartis, telecom stocks slide

STOXX 600 up 0.6%, Swiss stocks outshine peers

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18 Jul 2023 17:04

UK stocks end higher on US bank earnings cheer, homebuilders rally

Homebuilders log best day in five months

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18 Jul 2023 16:49

LONDON MARKET CLOSE: Stocks upbeat ahead of key UK inflation print

(Alliance News) - Stocks in London ended firmly in the green on Tuesday, with the FTSE 100 lifted by a strong performance from housebuilding stocks and a very well-received update from online grocer and warehouse technology firm Ocado.

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18 Jul 2023 11:58

LONDON MARKET MIDDAY: Ocado leads way but FTSE 100 flat

(Alliance News) - London's FTSE 100 was ever-so-slightly higher heading into Tuesday afternoon, supported by gains for housebuilding stocks on hope UK inflation is easing, and grocer Ocado.

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18 Jul 2023 11:38

ShoreCap 'palpably cautious' when it comes to Ocado

(Sharecast News) - Analysts at Berenberg continued to express "palpable caution" towards Ocado shares, telling clients that there was precious little to work with when it caming to valuing the business.

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18 Jul 2023 10:33

Ocado jumps on return to first-half underlying profit

First-half underlying profit 16.6 mln stg

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