Less Ads, More Data, More Tools Register for FREE

Pin to quick picksOcado Share News (OCDO)

Share Price Information for Ocado (OCDO)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 361.80
Bid: 361.40
Ask: 361.90
Change: -21.70 (-5.66%)
Spread: 0.50 (0.138%)
Open: 381.60
High: 381.60
Low: 361.10
Prev. Close: 383.50
OCDO Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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
Today 09:35

Short-lived sunny spell helps boost UK supermarkets

(Sharecast News) - UK supermarket sales pushed higher in May, industry data showed on Friday, boosted by a brief spell of warmer weather.

Read more
Today 08:00

UK supermarket sales set for Euro 2024 fillip, says NIQ

UK supermarket sales up 3.3% in 4 weeks to May 18 -NIQ

*

Read more
30 May 2024 17:24

London stocks recover as yields retreat; Auto Trader hits record high

FTSE 100 up 0.6%; FTSE 250 climbs 1.2%

*

Read more
29 May 2024 17:08

London stocks fall as rate cut jitters weigh, Anglo rejects BHP

FTSE 100 down 0.9%; FTSE 250 sheds 1.3%

*

Read more
29 May 2024 13:38

Ocado set to exit FTSE 100 in latest reshuffle, Darktrace and Vistry to join

(Sharecast News) - Ocado and St James's Place are set to be kicked out of the FTSE 100 in the latest quarterly reshuffle of components, with Darktrace and Vistry expected to join the top-tier index.

Read more
29 May 2024 12:08

LONDON MARKET MIDDAY: European stocks dip amid interest rate worries

(Alliance News) - Stock prices in Europe were lower at midday on Wednesday, after positive data from the US on Tuesday threw interest rate cuts into question.

Read more
29 May 2024 09:06

LONDON MARKET OPEN: Stocks down; Royal Mail owner IDS agrees takeover

(Alliance News) - Stock prices in London opened lower on Wednesday, with eyes on a bunch of takeovers.

Read more
29 May 2024 07:49

LONDON BRIEFING: IDS agrees to takeover by Daniel Kretinsky-led group

(Alliance News) - Stocks in London are called to open lower on Wednesday, as Asia heads down and after a mixed performance on Wall Street.

Read more
29 May 2024 07:18

Darktrace, Vistry Group up for promotion to FTSE 100

LONDON, May 29 (Reuters) - Cybersecurity company Darktrace and homebuilder Vistry Group are two candidates for inclusion in the FTSE 100 in the upcoming quarterly review, index provider LSEG said in a note released late on Tuesday.

Read more
28 May 2024 19:17

TOP NEWS: Ocado and St James's Place set for FTSE 100 demotion

(Alliance News) - Ocado Group PLC's stint in the FTSE 100 is set to end, with another technology firm Darktrace PLC set to replace it in the top flight, according to indicative index changes by FTSE Russell on Tuesday.

Read more
28 May 2024 17:02

FTSE 100 logs worst day in a month as rate, political uncertainty weigh

FTSE 100 down 0.8%, FTSE 250 off 0.3%

*

Read more
28 May 2024 12:22

LONDON MARKET MIDDAY: FTSE 100 falters ahead of incoming US data

(Alliance News) - Stock prices in London were predominantly higher at midday on Tuesday, though the FTSE 100 remained in the red, ahead of data from the US this afternoon.

Read more
28 May 2024 09:12

LONDON MARKET OPEN: FTSE 100 stumbles as campaign trail heats up

(Alliance News) - Stock prices in London opened a mixed bag on Tuesday, with the FTSE 100 trending lower, but smaller indices on the up.

Read more
24 May 2024 15:19

London close: Stocks mixed after disappointing retail sales data

(Sharecast News) - London stocks closed with mixed results on Friday, influenced by earlier declines in the US and Asian markets, as investors reacted to a larger-than-expected drop in UK retail sales.

Read more
24 May 2024 09:23

LONDON BROKER RATINGS: HSBC cuts Aviva; Deutsche Bank cuts Ryanair

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.