Ocado Group PLC -27.6% potential downside indicated by JP Morgan

Ocado Group PLC with ticker (LON:OCDO) now has a potential downside of -27.6% according to JP Morgan.



JP Morgan set a target price of 400 GBX for the company, which when compared to the Ocado Group PLC share price of 552 GBX at opening today (28/06/2023) indicates a potential downside of -27.6%. Trading has ranged between 342 (52 week low) and 990 (52 week high) with an average of 3,231,695 shares exchanging hands daily. The market capitalisation at the time of writing is £4,198,809,384.

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.