JP Morgan has doubled down on its upbeat view of Ocado Group PLC (LSE:OCDO), keeping an “overweight” rating and lifting its price target to 437p. The bank's argument is simple: the company is now at a turning point operationally, with the data increasingly supporting the bulls.
Ocado Group plc (OTCPK:OCDGF) Q2 2025 Earnings Conference Call July 17, 2025 4:30 AM ET Company Participants Adam Hugh Warby - Corporate Participant Independent Non-Executive Chair of the Board - Corporate Participant Stephen Wayne Daintith - CFO & Executive Director Timothy Steiner - CEO & Executive Director Conference Call Participants Giles Thorne - Jefferies LLC, Research Division Marcus Diebel - JPMorgan Chase & Co, Research Division Maria Christina Stormont - Deutsche Bank AG, Research Division Oliver Tipping - Peel Hunt LLP, Research Division Sarah Roberts - Barclays Bank PLC, Research Division Sreedhar Mahamkali - UBS Investment Bank, Research Division Adam Hugh Warby Independent Non-Executive Chair of the Board Well, good morning, everyone. I was sometimes used to the voice of God announcement when you get up on the stage, but it was just quiet whispers from Nick.
Ocado Group PLC (LSE:OCDO) shares whizzed 13% higher after the online delivery group reported a 13.2% increase in revenue and a 77% increase in underlying profits in the first half of the year. Revenue of £674 million was generated in the 26 weeks to 1 June, with 14.9% growth from the Technology Solutions arm, which builds robot-run warehouses (or 'customer fulfilment centres') for overseas grocery groups, and 12.1% from Ocado Logistics, which operates CFCs and delivery services for UK partners, Ocado Retail and Morrison Supermarkets.
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Grocery Stores Industry | Consumer Defensive Sector | Mr. Timothy Steiner O.B.E. CEO | OTC PINK Exchange | 674488101 Cusip |
United Kingdom Country | 18,869 Employees | - Last Dividend | - Last Split | - IPO Date |
Ocado Group plc, established in 2000, has grown to become a prominent online grocery retailer not only in its home market of the United Kingdom but also on an international scale. The company operates through three distinct segments: Technology Solutions, Ocado Logistics, and Ocado Retail. With its innovative approach, Ocado Group plc leverages cutting-edge software and robotics technology to revolutionize the online grocery shopping experience, logistics, and warehouse management. Headquartered in Hatfield, the United Kingdom, the company is at the forefront of utilizing technology for efficient online retailing and fulfillment services.