Ocado Group PLC -33.0% potential downside indicated by Berenberg Bank

Ocado Group PLC with ticker (LON:OCDO) now has a potential downside of -33.0% according to Berenberg Bank.

OCDO.L

Berenberg Bank set a target price of 260 GBX for the company, which when compared to the Ocado Group PLC share price of 388 GBX at opening today (16/07/2024) indicates a potential downside of -33.0%. Trading has ranged between 278 (52 week low) and 1,017 (52 week high) with an average of 8,397,044 shares exchanging hands daily. The market capitalisation at the time of writing is £3,140,647,112.

Ocado Group plc is a global technology business redefining e-commerce, fulfilment, and logistics in online grocery and beyond. The Company’s segments include Retail, Logistics, and Technology Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the United Kingdom and relates entirely to the Ocado Retail joint venture. The Logistics segment provides the customer fulfilment centers (CFCs) and logistics services for customers in the United Kingdom (Wm Morrison Supermarkets Limited and Ocado Retail Limited). The Technology Solutions segment provides end-to-end online retail and automated storage and retrieval solutions for general merchandise to corporate customers both in and outside of the United Kingdom. Technology Solutions includes Ocado Intelligent Automation. Its Ocado Smart Platform (OSP) is a configurable end-to-end e-commerce, fulfilment and logistics solution built to meet the demands of online grocery retail.