Insider Buying: Ocado Group (LON:OCDO) Insider Acquires 76 Shares of Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner acquired 76 shares of the business’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of GBX 198 per share, for a total transaction of £150.48.

Tim Steiner also recently made the following trade(s):

• On Friday, May 15th, Tim Steiner bought 81 shares of Ocado Group stock. The stock was purchased at an average price of GBX 185 per share, with a total value of £149.85.
• On Wednesday, April 15th, Tim Steiner bought 82 shares of Ocado Group stock. The stock was purchased at an average price of GBX 183 per share, with a total value of £150.06.

Ocado Group Price Performance

Shares of OCDO stock opened at GBX 191.83 on Tuesday. Ocado Group plc has a twelve month low of GBX 165.85 and a twelve month high of GBX 397.90. The stock has a market capitalization of £1.60 billion, a price-to-earnings ratio of 3.94 and a beta of 2.36. The stock has a fifty day simple moving average of GBX 198.88 and a two-hundred day simple moving average of GBX 214.11. The company has a current ratio of 2.00, a quick ratio of 2.82 and a debt-to-equity ratio of 131.70.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 310 target price on shares of Ocado Group in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of GBX 373.50.

About Ocado Group

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.