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Prices & Quotes - UK Markets - Ocado Group (OCDO)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 2,190.00p
Change Today:
-17.00p
Market Cap:
16,384m
Sector:
Food & Drug Retailers

Waitrose and Co-Op join price war, cut prices for essential goods by 15%

By Caoimhe Toman

Date: Wednesday 21 Oct 2020

LONDON (ShareCast) - (Sharecast News) - Waitrose and Co-Op are cutting prices of essential goods by an average of over 15% ahead of a Christmas that will likely bring more economic travails for customers.

Starting from Wednesday, Waitrose will lower prices on more than 200 of its basic own-label products and the Co-op is investing 50m in lowering the price of more than 300 branded and own-label products.

Jo Whitfield, the chief executive of the Co-op's food stores, said: "Value is uppermost in the minds of shoppers."

The move comes as rivals launch a price war to try to get budget conscious consumers to their stores as the Covid-19 pandemic aggravates the economic struggles of some UK households.

Tesco reduced the prices of many of its products in June with a pledge to match Aldi on nearly 500 products. That was followed by Sainsbury's announcement that it would cut prices for 1,000 products, Asda pledging to invest 100m on price cuts.

Already in September, Morrisons said it was cutting prices on 400 items by an average of 23%.

Grocers are also expanding their online services now that customers are wary of going out to stores due to the virus. Grocers will try to be ready to meet soaring demand for online shopping.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Ocado Group Market Data

Currency UK Pounds
Price 2,190.00p
Change Today -17.00p
52 Week High 2,895.00p
52 Week Low 1,064.00p
Volume 273,571
Shares Issued 748.15m
Market Cap 16,384m

Performance Indicators

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What The Brokers Say

Strong Buy 5
Buy 0
Neutral 6
Sell 1
Strong Sell 6
Total 18
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 01-Dec-2020

Time Volume / Share Price
13:52 453 @ 2,190.60p
13:51 4 @ 2,190.00p
13:51 1 @ 2,191.00p
13:51 33 @ 2,190.00p
13:51 4 @ 2,192.00p

Ocado Group Key Personnel

CEO Tim Steiner
COO Mark Richardson