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May 31 2023, 07:00 IST/BST
Ocado Group
A digital-super-market-market
- Companies : Ocado Group
DAVY VIEW
Ocado’s Tech Solutions business provides the picks and shovels for grocers to move online. A fast-growing business with an aEBITDA margin of 50% within the next five years; however, Ocado will need to raise more capital to grow. We initiate coverage with a ‘Neutral’ rating and a 400p price target.
