Last checked at 22 Jun 2023 10:57
- 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
Chat1
OCDO Share
Trades6,764
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:
373.60
Bid:
376.40
Ask:
377.40
Change:
-9.90 (-2.58%)
Spread:
1.00 (0.266%)
Open:
381.60
High:
381.60
Low:
359.20
Prev. Close:
383.50
Last checked at -
Watchlists are a member only feature
Login to your account
Don't have an account? Click here to register.Ocado under pressure from grocery price war, says Shore Capital
Mon, 28th Apr 2014 10:25
Shore Capital has reiterated its 'sell' recommendation for on-line grocery group Ocado, saying that margins are facing negative pressure from the current price competition amongst UK food retailers.The comments come after recent developments at retail giant Tesco, which said that it intends to invest more in base pricing in the UK."We believe that this is a negative development for Ocado in particular, as the online specialist matches Tesco's prices. As part of the realignment of its value proposition, Tesco also seeks to reduce its voucher activity and ease back on promotions too, an aspiration shared by its peers although it is proving harder to do than talk about. A move away from promotions will expose Ocado to greater price comparison."Shore said that major players Tesco, WM Morrison and Walmart-owned Asda are currently engaged in a "race to the bottom" on prices as they look to stem the momentum of the discounters."Unless Ocado removes its price matching pledge with Tesco, we see its gross margin coming under greater pressure as the market leader sustains price cutting. Ocado does not match Tesco's promotions and so a re-allocation of resource by Tesco to price is troublesome to Ocado in our view."Tesco is also now offering lower costs for online grocery deliveries and a free 'Click & Collect' service, which could have an impact on Ocado: "Whilst switching between Tesco and Ocado online customers may be low to our minds, the lowering of fulfilment costs cannot be seen as a welcome development for the specialist online player."Shore also said that it remains "underwhelmed" by Ocado's business model and believes that key customer Waitrose will "do its own thing in time, creating an enormous hole at Ocado's Hatfield [warehouse]". Meanwhile, the broker added it "remain[s] to be convinced that the Morrison tie-up will work for either party".The stock was 0.5% lower at 329.9p by 10:59 on Monday.BC
More News
22 Jun 2023 10:27
Amazon declines to comment on report of bid interest in UK's Ocado
LONDON, June 22 (Reuters) - A spokesperson for Amazon declined to comment on Thursday on a Times newspaper report that highlighted talk of potential bid interest in British online supermarket group Ocado.
Read more22 Jun 2023 10:11
22 Jun 2023 08:57
Ocado surges on Amazon bid speculation
(Sharecast News) - Ocado surged on Thursday amid speculation it could be a takeover target for Amazon.
Read more20 Jun 2023 17:20
Miners, oil drag London stocks lower after modest China rate cut
Miners down as metal prices fall on strong dollar, China worries
*Read more20 Jun 2023 12:18
LONDON MARKET MIDDAY: FTSE 100 treads water ahead of UK inflation, BoE
(Alliance News) - London's FTSE 100 was steady at midday Tuesday, as investors look ahead to risk events in the form of a UK inflation reading and a Bank of England interest rate decision later this week.
Read more20 Jun 2023 11:28
20 Jun 2023 10:38
20 Jun 2023 09:55
JPMorgan cuts Ocado price target, puts shares on 'negative catalyst watch'
(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.
Read more20 Jun 2023 09:35
LONDON BROKER RATINGS: JPMorgan sees negative catalysts for Ocado
(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning on Monday:
Read more20 Jun 2023 09:10
STOXX on the backfoot
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at
STOXX ON THE BACKFOOT (0754 GMT)Read more20 Jun 2023 09:01
LONDON MARKET OPEN: Muted open in Europe on lack of US impetus
(Alliance News) - Stock prices in London opened mixed on Tuesday, amid a lack of market drivers, as investors look ahead to a UK interest rate decision on Thursday.
Read more20 Jun 2023 08:30
TOP NEWS: UK grocery inflation fades to year-to-date low - Kantar
(Alliance News) - UK grocery price inflation eased to its lowest level since last year, numbers on Tuesday showed, though it remained in robust shape, helping boost the market share of discounters.
Read more20 Jun 2023 08:22
Broker tips: Ocado, Abcam
(Sharecast News) - Online supermarket Ocado was under the cosh on Tuesday after JPMorgan Cazenove cut its price target on the shares to 400p from 450p and placed the stock on 'negative catalyst watch' into first-half results.
Read more20 Jun 2023 07:56
LONDON BRIEFING: abrdn sells HDFC stake; Lookers agrees to buyout
(Alliance News) - Stocks in London were expected to fall further on Tuesday's open, with investors awaiting UK inflation data and a Bank of England rate announcement later this week.
Read more