Ocado Group PLC (LON:OCDO) had its target price cut by Goldman Sachs Group Inc. from GBX 615 ($8.03) to GBX 450 ($5.87) in a research report released on Friday morning. They currently have a conviction-buy rating on the stock.

Analyst Recommendations for Ocado Group PLC (LON:OCDO)

Several other research analysts have also issued reports on OCDO. Deutsche Bank AG dropped their price objective on Ocado Group PLC from GBX 280 ($3.65) to GBX 220 ($2.87) and set a hold rating for the company in a research note on Thursday, June 30th. Societe Generale dropped their price objective on Ocado Group PLC from GBX 193 ($2.52) to GBX 189 ($2.47) and set a sell rating for the company in a research note on Wednesday, September 14th. Numis Securities Ltd reiterated a buy rating and set a GBX 400 ($5.22) price objective on shares of Ocado Group PLC in a research note on Tuesday, September 13th. HSBC reiterated a reduce rating and set a GBX 190 ($2.48) price objective on shares of Ocado Group PLC in a research note on Wednesday, August 10th. Finally, BNP Paribas lowered Ocado Group PLC to an underperform rating and set a GBX 215 ($2.81) target price for the company. in a research note on Wednesday, September 14th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Ocado Group PLC has an average rating of Hold and a consensus target price of GBX 324.17 ($4.23).

Shares of Ocado Group PLC (LON:OCDO) opened at 254.50 on Friday. The firm’s market cap is GBX 1.51 billion. The firm’s 50-day moving average price is GBX 289.70 and its 200 day moving average price is GBX 279.20. Ocado Group PLC has a 12-month low of GBX 203.00 and a 12-month high of GBX 412.70.

In other news, insider Tatton-Brown,Duncan bought 100,000 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were acquired at an average price 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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