Ocado Group PLC (LON:OCDO) has been given a consensus rating of “Hold” by the seventeen ratings firms that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 381.53 ($5.27).
Several research firms have recently weighed in on OCDO. Deutsche Bank restated a “sell” rating on shares of Ocado Group in a research report on Monday, November 20th. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 430 ($5.94) price target on shares of Ocado Group in a report on Friday, November 24th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 286 ($3.95) price target on shares of Ocado Group in a report on Friday, November 24th. Credit Suisse Group reaffirmed an “outperform” rating and issued a GBX 480 ($6.63) price target on shares of Ocado Group in a report on Monday, November 27th. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 400 ($5.53) price target on shares of Ocado Group in a report on Tuesday, November 28th.
Ocado Group (LON:OCDO) traded up GBX 10.80 ($0.15) on Tuesday, reaching GBX 522 ($7.21). 1,913,589 shares of the company traded hands, compared to its average volume of 3,120,000. The firm has a market capitalization of $3,460.00 and a PE ratio of 23,750.00. Ocado Group has a 1 year low of GBX 233.10 ($3.22) and a 1 year high of GBX 551.40 ($7.62).
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.
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