Ocado Group (LON:OCDO) Insider Buys £151 in Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner purchased 50 shares of the stock in a transaction on Thursday, October 15th. The shares were purchased at an average price of GBX 302 per share, for a total transaction of £151.

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

• On Tuesday, September 15th, Tim Steiner purchased 74 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 204 per share, with a total value of £150.96.
• On Monday, August 17th, Tim Steiner acquired 61 shares of Ocado Group stock. The stock was purchased at an average price of GBX 243 per share, with a total value of £148.23.

Ocado Group Price Performance

OCDO opened at GBX 289.94 on Monday. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. The stock has a market capitalization of £2.43 billion, a P/E ratio of -9.57 and a beta of 2.41. The stock has a 50-day moving average price of GBX 243.13 and a 200-day moving average price of GBX 210.74. Ocado Group plc has a 12-month low of GBX 140.30 and a 12-month high of GBX 316.40.

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

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their target price on Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target 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.