Ocado Group PLC (LON:OCDO) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the company. Five equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 322.08 ($3.99).
OCDO has been the subject of a number of recent analyst reports. BNP Paribas reaffirmed an “underperform” rating and set a GBX 215 ($2.66) price target on shares of Ocado Group PLC in a report on Thursday, September 29th. Credit Suisse Group AG reissued an “outperform” rating and issued a GBX 410 ($5.07) target price on shares of Ocado Group PLC in a research note on Monday, September 26th. Deutsche Bank AG cut Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.72) target price for the company. in a research note on Wednesday, September 21st. Barclays PLC cut Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.72) target price for the company. in a research note on Wednesday, September 21st. Finally, Goldman Sachs Group Inc. lowered their target price on Ocado Group PLC from GBX 615 ($7.61) to GBX 450 ($5.57) and set a “conviction-buy” rating for the company in a research note on Friday, September 16th.
In other news, insider Andrew Harrison purchased 11,500 shares of the company’s stock in a transaction on Monday, September 26th. The shares were purchased at an average price of GBX 258 ($3.19) per share, with a total value of £29,670 ($36,720.30).
Shares of Ocado Group PLC (LON:OCDO) traded up 0.55% during midday trading on Friday, hitting GBX 254.50. The stock had a trading volume of 1,717,745 shares. The firm’s market capitalization is GBX 1.51 billion. The firm’s 50-day moving average price is GBX 280.31 and its 200-day moving average price is GBX 277.12. Ocado Group PLC has a one year low of GBX 203.00 and a one year high of GBX 412.70.
About Ocado Group PLC
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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