Insider Buying: Ocado Group PLC (OCDO) Insider Acquires £18,638.38 in Stock

Ocado Group PLC (LON:OCDO) insider Neill Abrams acquired 3,293 shares of the stock in a transaction dated Thursday, March 22nd. The shares were acquired at an average cost of GBX 566 ($7.82) per share, with a total value of £18,638.38 ($25,750.73).

Shares of Ocado Group stock opened at GBX 533 ($7.36) on Friday. The stock has a market capitalization of $3,890.00 and a PE ratio of 23,750.00. Ocado Group PLC has a 1 year low of GBX 233.10 ($3.22) and a 1 year high of GBX 603.20 ($8.33).

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OCDO has been the subject of several analyst reports. Citigroup reaffirmed a “buy” rating and set a GBX 400 ($5.53) price objective on shares of Ocado Group in a research report on Tuesday, December 12th. Peel Hunt initiated coverage on Ocado Group in a research report on Thursday, December 7th. They set a “buy” rating and a GBX 460 ($6.36) price objective for the company. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 480 ($6.63) price objective on shares of Ocado Group in a research report on Monday, November 27th. Societe Generale upped their price objective on Ocado Group from GBX 189 ($2.61) to GBX 207 ($2.86) and gave the stock a “sell” rating in a research report on Wednesday, November 29th. Finally, Goldman Sachs lowered their price objective on Ocado Group from GBX 560 ($7.74) to GBX 540 ($7.46) and set a “conviction-buy” rating for the company in a research report on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 396.20 ($5.47).

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About Ocado Group

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.

Insider Buying and Selling by Quarter for Ocado Group (LON:OCDO)

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