Last checked at 13 May 2024 09:41
LONDON BROKER RATINGS: BAE Systems and Mondi cut to 'neutral'
(Alliance News) - The following London-listed shares received analyst recommendations Monday morning and on Friday:
Read more
- Home
- Share Prices
- AQSE Share Prices
- Euronext
- Stock Screeners
- Share Chat
- FX
- News & RNS
- Events
- Media
- Trading Brokers
- Finance Tools
- Members
Latest Share Chat
Ocado Share News (OCDO)
OCDO Share
Price
OCDO Share
News
OCDO Share
Chat29
OCDO Share
Trades1,945
OCDO
Live RNS
OCDO Share
Charts
OCDO Level 2
Console
OCDO Live
Share Price
OCDO Broker
Ratings
OCDO Directors
Deals
OCDO Financial
Diary
OCDO
Fundamentals
OCDO Short
Positions8
OCDO
Media
Ocado Information
Share Price Information for Ocado (OCDO)
Share Price is delayed by 15 minutes
Get Live Data
Share Price:
348.00
Bid:
347.70
Ask:
348.40
Change:
-21.80 (-5.90%)
Spread:
0.70 (0.201%)
Open:
367.30
High:
367.30
Low:
346.00
Prev. Close:
369.80
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.HSBC cuts back on Ocado, downgrades to 'reduce'
Thu, 11th Apr 2019 11:29
(Sharecast News) - Analysts at HSBC bumped up their target price for shares of Ocado even as they downgraded their recommendation for them, arguing that the company's pivot to a technology provider had only shifted the risk of the Home Delivery model floundering onto the shoulders of its customers.And their own analysis of the mass market economics underpinning Home Delivery pointed to just that happening."However, it has not changed the fundamental economics of Grocery Home Delivery, which we believe are challenged. It has simply pushed this back as investors will now wait for Ocado's customers to determine whether the model works or not. Our analysis suggests not," they said.On the back of their analysis, HSBC judged that Ocado would need to open another 40 customer fulfillment centres, on top of the 25 it was already committed to, in order to justify its shares then current price."Longer term, we believe Ocado will only succeed if it can enable its customers to succeed too and we believe there is risk here given the challenging economics of Grocery Home Delivery," HSBC added.HSBC upped its target price from 750p to 900p while downgrading its recommendation to 'reduce', explaining that the former lay in the middle of is mid and optimistic scenarios, rested on the assumption that existing agreements would be a success and that between five to seven CFCs would be added.As of 1301 BST, shares of Ocado were trading lower by 2.33% to 1,401.50p.
More News
9 May 2024 09:53
LONDON BROKER RATINGS: NatWest target raised, other lenders backed
(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and Wednesday:
Read more7 May 2024 09:51
LONDON BROKER RATINGS: AstraZeneca target raised; Antofagasta lowered
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and Friday:
Read more2 May 2024 17:06
FTSE 100 boosted by strong earnings from Shell, StanChart
StanChart jumps after posting a 5.5% rise in pretax profit
*Read more2 May 2024 08:00
Ocado, Lidl and M&S are UK's fastest growing grocers, says NIQ
LONDON, May 2 (Reuters) - Online supermarket Ocado , discounter Lidl and upmarket food seller Marks & Spencer were Britain's fastest growing grocers over the last quarter, industry data showed on Thursday.
Read more29 Apr 2024 17:13
Ocado pay policy opposed by 19% of votes cast at annual meeting
LONDON, April 29 (Reuters) - Some 19% of votes cast at Ocado's annual shareholder meeting on Monday opposed the online grocer and technology group's proposed new pay policy that could see boss Tim Steiner pick up a bonus share award of up to 15 million pounds ($19 million).
Read more24 Apr 2024 09:02
LONDON BROKER RATINGS: Investec cuts Hipgnosis Songs Fund to 'hold'
(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning:
Read more24 Apr 2024 07:42
LONDON BRIEFING: Lloyds profit takes hit; Jet2 cuts guidance
(Alliance News) - Stocks in London are set to open higher on Wednesday, as the release of some key US data edges closer
Read more23 Apr 2024 17:12
UK's FTSE 100 hits record peak; Associated British Foods surges
Associated British Foods jumps after forecasting growth
*Read more23 Apr 2024 12:00
LONDON MARKET MIDDAY: FTSE 100 pushes to new high; AB Foods surges
(Alliance News) - The FTSE 100 hit another intraday high on Tuesday, driven by data providing some "fresh optimism" about the UK economy.
Read more23 Apr 2024 08:57
Shoppers clamber for deals as grocery inflation slows further
(Sharecast News) - UK households collectively saved £1.3bn on supermarket deals over the last four weeks, equating to £46 per household, according to fresh industry data released on Tuesday.
Read more23 Apr 2024 08:54
LONDON MARKET OPEN: AB Foods profit soars boosting interim dividend
(Alliance News) - Stock prices in London continued to build on Monday's gains early on Tuesday, thanks to sentiment boosted by the prospect of interest rate cuts.
Read more23 Apr 2024 08:36
TOP NEWS: Grocery inflation eases again in April despite early Easter
(Alliance News) - Grocery price inflation eased further in April, aided by a significant increase in promotional spending, new data showed on Tuesday.
Read more23 Apr 2024 08:00
British grocery inflation dips to 3.2%, says Kantar
*
Grocery inflation down for 14th straight monthRead more
22 Apr 2024 14:54
London close: Stocks jump on weaker sterling, easing geopolitics
(Sharecast News) - London's financial markets closed in the green on Monday, with the top-flight index remaining near record highs by the close.
Read more