Societe Generale Lowers Ocado Group PLC (OCDO) Price Target to GBX 189
Ocado Group PLC (LON:OCDO) had its price objective decreased by Societe Generale from GBX 193 ($2.52) to GBX 189 ($2.47) in a research report sent to investors on Wednesday. Societe Generale currently has a sell rating on the stock.
Several other equities analysts have also issued reports on the stock. Goldman Sachs Group Inc. restated a conviction-buy rating and issued a GBX 650 ($8.48) target price on shares of Ocado Group PLC in a report on Monday, June 27th. Shore Capital upgraded shares of Ocado Group PLC to a hold rating in a report on Tuesday, August 9th. Morgan Stanley restated an overweight rating and issued a GBX 420 ($5.48) target price on shares of Ocado Group PLC in a report on Monday, July 4th. JPMorgan Chase & Co. restated an overweight rating and issued a GBX 476 ($6.21) target price on shares of Ocado Group PLC in a report on Wednesday, June 29th. Finally, Barclays PLC restated an equal weight rating and issued a GBX 290 ($3.79) target price on shares of Ocado Group PLC in a report on Thursday, June 23rd. Three analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned 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 327.92 ($4.28).
Shares of Ocado Group PLC (LON:OCDO) opened at 276.00 on Wednesday. The company has a 50-day moving average of GBX 290.84 and a 200 day moving average 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 capitalization is GBX 1.63 billion.
In other news, insider Tatton-Brown,Duncan acquired 100,000 shares of Ocado Group PLC stock in a transaction on Friday, July 1st. The stock was acquired at an average cost of GBX 227 ($2.96) per share, with a total value of £227,000 ($296,305.97).
Ocado Group PLC Company Profile
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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