Ocado Group PLC (LON:OCDO) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is GBX 322.08 ($3.93).
A number of equities analysts have recently commented on the stock. Deutsche Bank AG lowered shares of Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.68) price objective for the company. in a research report on Wednesday, September 21st. Goldman Sachs Group Inc. cut their price objective on shares of Ocado Group PLC from GBX 615 ($7.50) to GBX 450 ($5.48) and set a “conviction-buy” rating for the company in a research report on Friday, September 16th. Numis Securities Ltd restated a “buy” rating and issued a GBX 400 ($4.88) price objective on shares of Ocado Group PLC in a research report on Tuesday, June 28th. Barclays PLC lowered shares of Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.68) price objective for the company. in a research report on Wednesday, September 21st. Finally, HSBC restated a “reduce” rating and issued a GBX 190 ($2.32) price objective on shares of Ocado Group PLC in a research report on Wednesday, September 14th.
In other news, insider Andrew Harrison bought 11,500 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were bought at an average cost of GBX 258 ($3.14) per share, with a total value of £29,670 ($36,160.88).
Ocado Group PLC (LON:OCDO) opened at 267.50 on Friday. The firm’s market capitalization is GBX 1.58 billion. The firm has a 50-day moving average of GBX 277.08 and a 200 day moving average of GBX 276.18. Ocado Group PLC has a 12 month low of GBX 203.00 and a 12 month high of GBX 412.70.
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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