Ocado Group’s (OCDO) Sell Rating Reiterated at Deutsche Bank

Ocado Group (LON:OCDO)‘s stock had its “sell” rating reaffirmed by analysts at Deutsche Bank in a report released on Friday. They presently have a GBX 200 ($2.71) price target on the stock. Deutsche Bank’s price target points to a potential downside of 51.96% from the company’s current price.

A number of other equities research analysts have also recently weighed in on OCDO. Barclays reiterated an “equal weight” rating and issued a GBX 265 ($3.59) price objective on shares of Ocado Group in a research note on Friday, January 12th. reiterated a “reduce” rating and issued a GBX 180 ($2.44) price objective on shares of Ocado Group in a research note on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 380 ($5.15) price objective on shares of Ocado Group in a research note on Wednesday, October 4th. Berenberg Bank assumed coverage on Ocado Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.88) price objective for the company. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 250 ($3.39) price objective on shares of Ocado Group in a research note on Wednesday, November 29th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 316.53 ($4.29).

Shares of Ocado Group (LON OCDO) opened at GBX 416.30 ($5.65) on Friday. Ocado Group has a 52 week low of GBX 233 ($3.16) and a 52 week high of GBX 444.70 ($6.03). The firm has a market capitalization of $2,630.00 and a P/E ratio of 20,815.00.

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Ocado Group Company Profile

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are 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, derived from the United Kingdom.

Analyst Recommendations for Ocado Group (LON:OCDO)

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