Ocado Group PLC 40.6% potential upside indicated by Berenberg Bank

Broker Ratings

Ocado Group PLC with ticker (LON:OCDO) now has a potential upside of 40.6% according to Berenberg Bank.

Berenberg Bank set a target price of 1,415 GBX for the company, which when compared to the Ocado Group PLC share price of 840 GBX at opening today (22/06/2022) indicates a potential upside of 40.6%. Trading has ranged between 692 (52 week low) and 2,105 (52 week high) with an average of 3,304,030 shares exchanging hands daily. The market capitalisation at the time of writing is £6,097,458,843.

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property (IP) and technology used for online grocery retailing, fulfilment, logistics and services in the United Kingdom, Europe, North America, Australia and Japan. Its segments include 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 the Ocado Retail joint venture. The UK Solutions & Logistics segment provides the IT platform, CFCs and logistics for customers in the United Kingdom. The International Solutions segment provides end-to-end online retail solutions to corporate customers outside the United Kingdom. The Company’s Ocado Smart Platform combines its end-to-end solution for operating online in the grocery market.

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