Ocado Group PLC (LON:OCDO)‘s stock had its “outperform” rating reiterated by analysts at Credit Suisse Group AG in a note issued to investors on Monday. They currently have a GBX 410 ($5.35) price objective on the stock. Credit Suisse Group AG’s price objective points to a potential upside of 61.48% from the company’s previous close.
A number of other research analysts also recently issued reports on the company. Deutsche Bank AG downgraded Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.87) price target on the stock. in a report on Wednesday, September 21st. Barclays PLC downgraded Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.87) price target on the stock. in a report on Wednesday, September 21st. Goldman Sachs Group Inc. lowered their price target on Ocado Group PLC from GBX 615 ($8.03) to GBX 450 ($5.87) and set a “conviction-buy” rating on the stock in a report on Friday, September 16th. Societe Generale lowered their price target on Ocado Group PLC from GBX 193 ($2.52) to GBX 189 ($2.47) and set a “sell” rating on the stock in a report on Wednesday, September 14th. Finally, HSBC reaffirmed a “reduce” rating and set a GBX 190 ($2.48) price target on shares of Ocado Group PLC in a report on Wednesday, September 14th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of GBX 322.08 ($4.20).
Ocado Group PLC (LON:OCDO) opened at 261.00 on Monday. The firm’s market capitalization is GBX 1.54 billion. The company’s 50-day moving average is GBX 289.51 and its 200-day moving average is GBX 279.05. Ocado Group PLC has a one year low of GBX 203.00 and a one year high of GBX 412.70.
In other Ocado Group PLC news, insider Tatton-Brown,Duncan acquired 100,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was purchased at an average price of GBX 227 ($2.96) per share, with a total value of £227,000 ($296,305.97). Also, insider Andrew Harrison acquired 11,500 shares of the company’s stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of GBX 258 ($3.37) per share, with a total value of £29,670 ($38,728.63).
Ocado Group PLC Company Profile
Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
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