Ocado Group plc

OCDO

GB00B3MBS747

Department Stores

Market Closed - London S.E. Other stock markets 11:35:19 2024-04-26 am EDT			5-day change	1st Jan Change
353.1 ^GBX	-2.54%		+1.70%	-53.44%

Apr. 24	HSBC Cuts Ocado's PT, Maintains Reduce Rating	MT
Apr. 24	Investec cuts Hipgnosis Songs Fund to 'hold'	AN

Moody's affirms Ocado's B3 rating and stable outlook

October 18, 2023 at 12:14 pm EDT

Ocado Group PLC - Hatfield, England-based online grocer and warehouse technology firm - Moody's Investors Service affirms the company's B3 corporate family rating and its B2-PD probability of default rating. Outlook remains stable.

"Ocado's B3 rating reflects our expectation that its financial leverage and rate of cash consumption will remain very elevated over the next 12-18 months as a result of high operating leverage and investment in capacity," Moody's explains.

Current stock price: 520.00 pence

12-month change: up 8.8%

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Latest news about Ocado Group plc

HSBC Cuts Ocado's PT, Maintains Reduce Rating	Apr. 24	MT
Investec cuts Hipgnosis Songs Fund to 'hold'	Apr. 24	AN
Lloyds profit takes hit; Jet2 cuts guidance	Apr. 24	AN
OCADO GROUP PLC : Factoring in a higher risk of recapitalization	Apr. 23
NatWest Chair Expects UK Government to Fully Exit Stake in Coming Years	Apr. 23	MT
NatWest boss admits "unexpected challenges" for bank in 2023	Apr. 23	AN
FTSE 100 pushes to new high; AB Foods surges	Apr. 23	AN
U.K. Grocery-Price Inflation Cools Again as Retailers Lure Shoppers With Deals, Report Says	Apr. 23	DJ
AB Foods profit soars boosting interim dividend	Apr. 23	AN
Grocery inflation eases again in April despite early Easter	Apr. 23	AN
FTSE 100 hits record high in early trade	Apr. 23	RE
British grocery inflation dips to 3.2%, says Kantar	Apr. 23	RE
British FTSE 100 Index Soars as Middle East Tension Ease	Apr. 22	MT
Hipgnosis Songs and Tyman jump on takeover talk	Apr. 22	AN
Hipgnosis jumps on Blackstone rival offer	Apr. 22	AN
Hipgnosis supports Blackstone takeover bid	Apr. 22	AN
Ocado Investors Push to Move Listing to US Amid Share Price Concerns	Apr. 22	MT
Ocado facing call to shift listing from London - Telegraph	Apr. 21	AN
New York stocks tumble as US data dashes cut hope	Apr. 10	AN
European stocks get boost ahead of US inflation	Apr. 10	AN
European Equities Close Sharply Lower on Friday; Eurozone Construction Contraction Deepens	Apr. 05	MT
FTSE 100 Closes Down 0.8%	Apr. 05	DJ
FTSE 100 Closes Up 0.5%, Boosted by Mining Stocks	Apr. 04	DJ
Global markets live: Novo Nordisk, Ocado, Walt Disney, Apple, Tesla...	Apr. 04
Ocado chair to step down to focus on NatWest role	Apr. 04	AN

Chart Ocado Group plc

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Company Profile

Ocado Group plc is the No. 1 online food products retailer in the United Kingdom. Net sales (including intragroup) break down by activity as follows: - retail distribution services (68.5%); - logistics services (19.3%); - development of e-commerce solutions (12.2%): online food distribution technology platforms, logistics solutions, customer data delivery and management solutions, integrated software solutions, etc. As of 03/12/2023, the group operated 22 customer fulfilment centres in the United Kingdom and the United States. The United Kingdom accounts for 86.7% of net sales.

Sector

Department Stores

Calendar

2024-04-29 - Annual General Meeting

Related indices

STOXX EUROPE 600 (EUR) , FTSE 100

More about the company

Income Statement Evolution

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Analysis / Opinion

OCADO GROUP PLC : Factoring in a higher risk of recapitalization

April 23, 2024 at 11:44 am EDT

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Ratings for Ocado Group plc

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

3.531 GBP

Average target price

7.415 GBP

Spread / Average Target

+110.01%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Internet & Mail Order Department Stores

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Internet & Mail Order Department Stores

Ocado Group plc

Equities

OCDO

GB00B3MBS747

Department Stores

Moody's affirms Ocado's B3 rating and stable outlook

EPS Revisions