Insider Buying: Ocado Group PLC (OCDO) Insider Acquires 59 Shares of Stock
Ocado Group PLC (LON:OCDO) insider Abrams,Neill purchased 59 shares of the stock in a transaction dated Wednesday, September 14th. The stock was purchased at an average cost of GBX 257 ($3.35) per share, for a total transaction of £151.63 ($197.92).
Shares of Ocado Group PLC (LON:OCDO) traded down 1.90% on Tuesday, hitting GBX 268.80. 2,464,311 shares of the stock traded hands. The firm has a 50 day moving average price of GBX 290.84 and a 200 day moving average price of GBX 279.41. Ocado Group PLC has a 52-week low of GBX 203.00 and a 52-week high of GBX 412.70. The firm’s market cap is GBX 1.59 billion.
A number of equities research analysts recently weighed in on the stock. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 615 ($8.03) target price on shares of Ocado Group PLC in a research note on Friday, August 19th. Societe Generale lowered their target price on shares of Ocado Group PLC from GBX 193 ($2.52) to GBX 189 ($2.47) and set a “sell” rating on the stock in a research note on Wednesday, September 14th. Barclays PLC reaffirmed an “equal weight” rating and issued a GBX 265 ($3.46) target price on shares of Ocado Group PLC in a research note on Friday, September 9th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 400 ($5.22) target price on shares of Ocado Group PLC in a research note on Tuesday, June 28th. Finally, HSBC reaffirmed a “reduce” rating and issued a GBX 200 ($2.61) target price on shares of Ocado Group PLC in a research note on Wednesday, June 1st. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 327.92 ($4.28).
About Ocado Group PLC
Ocado Group plc is a United Kingdom-based company engaged in 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. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
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