There was no surprise in the Q4 trading update. We believe the retail business will continue to clock double-digit growth in the coming quarters. The Solutions business also seems to be on the right track, with the first CFC likely to go live in 2020. Assuming management will be able to execute these client contracts on time, we believe the stock is currently trading at very attractive levels. No change to our stock recommendation.
14 Dec 2018
Nothing abnormal in the Q4 results
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Nothing abnormal in the Q4 results
Ocado Group PLC (OCDO:LON) | 454 -51.8 (-2.4%) | Mkt Cap: 3,764m
- Published:
14 Dec 2018 -
Author:
Nishant Choudhary -
Pages:
3
There was no surprise in the Q4 trading update. We believe the retail business will continue to clock double-digit growth in the coming quarters. The Solutions business also seems to be on the right track, with the first CFC likely to go live in 2020. Assuming management will be able to execute these client contracts on time, we believe the stock is currently trading at very attractive levels. No change to our stock recommendation.