# Ocado Group PLC -19.2% potential downside indicated by Barclays

- Link: https://www.directorstalkinterviews.com/ocado-group-plc-19.2-potential-downside-indicated-by-barclays/4121132487
- Published: 2023-11-09T12:31:01+00:00
- Author: Charlotte Edwards

**[Ocado Group PLC](https://www.directorstalkinterviews.com/ftse-company/ocado-group/ocdo.l)**
with ticker (LON:OCDO) now has a potential downside of -19.2% according to Barclays.

Barclays set a target price of 430 GBX for the company, which when compared to the
Ocado Group PLC share price of 532 GBX at opening today (09/11/2023) indicates a
potential downside of -19.2%. Trading has ranged between 342 (52 week low) and 1,017(
52 week high) with an average of 1,989,786 shares exchanging hands daily. The market
capitalisation at the time of writing is £4,488,843,678.Ocado Group PLC is a United
Kingdom-based technology-led software and robotics platform business. The Company
provides a technology platform, as a managed service, for retailers around the world
who are looking to build e-commerce operations in their markets. It provides Ocado
Smart Platform (OSP), a platform that provides an end-to-end suite of solutions 
for online grocery fulfillment to its retail partners. It operates through three
segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail
segment provides online grocery and general merchandise offerings to customers within
the United Kingdom and comprises Ocado Retail Limited. The UK Solutions & Logistics
segment provides the information technology (IT) platform, CFCs and logistics for
customers in the United Kingdom (Wm Morrisons Supermarkets Limited and Ocado Retail
Limited). The International Solutions segment provides end-to-end online retail 
solutions to corporate customers outside the United Kingdom.

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