London Climbs

Headlines say London climbs as traders await US Federal Reserve interest rate decision and all stock picks are 64% BUY, 18% HOLD and 18% SELL.

1. BUY Ocado Group

Top performing stock pick is BUY Ocado Group by Deutsche Bank with a tip performance of 21%.

Ocado Group plc is a British technology company that provides robots for online grocery and logistics and an online shopping platform.

Listed in London under the ticker OCDO, it is a constituent of the FTSE 250 Index.

Ocado share price launched at 159p in 2010, rose to an all-time high of 2,819p in 2020 and is today at 218p.

Recently in the news when 3 of 8 of its US partner Kroger’s warehouses announced closure. Originally 20 sites were to be built. Compensation of £350mn was paid this week but fee revenue is still expected to be £50mn lower.

Ocado was the biggest faller (6%) in the FTSE 250 causing Deutsche Bank to downgrade its price target from 370p to 310p. Bernstein also downgraded the stock to UNDERPERFORM this week.

In Stockomendation four analysts: Deutsche Bank with BU; Bernstein & RBC Capital with UNDERPERFORM and Goldman Sachs is NEUTRAL. Twelve UK fund manager short positions open – view those here.

2. SELL ITM Power

Second top performing stock pick this week is SELL ITM Power by Goldman Sachs with a tip performance of 6%.

ITM Power designs, manufactures, and integrates electrolysers based on proton exchange membrane technology to produce green hydrogen using renewable electricity and tap water. Hydrogen produced via electrolysis is used for mobility, Power-to-X, and industry.

Headquartered in Sheffield, the company is listed on the Alternative Investment Market under the ticker ITM.

ITM Power share price launched at 51p in 2004, rose to an all-time high of 682p in 2021 and is today at 62p.

On 4th December the company issued a Trading Update in this RNS stating record revenues and slashed losses due to accelerating momentum in Europe, particularly Germany, and progress on key projects like the RWE Lingen plant.

In Stockomendation five analysts: Berenberg & Jefferies say BUY; UBS is NEUTRAL; Pell Hunt has HOLD and Goldman Sachs says SELL. Two fund manager short positions, view those here.

3. BUY On the Beach Group

Third top performing stock pick is BUY On The Beach Group by Berenberg with a tip performance of 4%.

On the Beach Group is a UK-based travel retailer specialising in short and medium haul flight and hotel package holidays to Europe. The company is listed on the London Stock Exchange under the ticker OTB.

On the Beach share price launched at 221p in 2015; rose to an all-time high of 610p in 2018 and is today at 224p.

On 2nd December the company released its’ full year results in this RNS stating strong performance. Berenberg reiterated its BUY rating and upped the target price from 300p to 330p.

In Stockomendation five analysts four with BUY they are: Berenberg; Deutsche Bank; Pell Hunt and Panmure Gordon and Shore Capital has HOLD. Three open fund manager short positions, view those here.

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Disclaimer: The contents of this article should not be considered financial advice. Pricing data correct as at 11th December 2025.