Ocado Group (LON:OCDO) Insider Tim Steiner Buys 61 Shares of Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 61 shares of the company’s stock in a transaction dated Monday, August 17th. The stock was purchased at an average cost of GBX 243 per share, for a total transaction of £148.23.

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

• On Wednesday, July 15th, Tim Steiner bought 87 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 172 per share, for a total transaction of £149.64.
• On Friday, June 12th, Tim Steiner acquired 76 shares of Ocado Group stock. The stock was bought at an average price of GBX 198 per share, for a total transaction of £150.48.

Ocado Group Stock Down 3.0%

Shares of OCDO opened at GBX 242.48 on Wednesday. Ocado Group plc has a 52 week low of GBX 140.30 and a 52 week high of GBX 362.90. The firm has a market cap of £2.02 billion, a P/E ratio of -8.00 and a beta of 2.40. The firm’s 50-day simple moving average is GBX 194.87 and its 200 day simple moving average is GBX 200.68. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41.

Ocado Group (LON:OCDO) last posted its earnings results on Thursday, July 16th. The company reported GBX (3.90) earnings per share for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Analyst Ratings Changes

OCDO has been the subject of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of Ocado Group from GBX 245 to GBX 290 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 310 target price on shares of Ocado Group in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 300.

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.