Ocado Group PLC’s (OCDO) “Equal weight” Rating Reaffirmed at Barclays PLC
Barclays PLC reissued their equal weight rating on shares of Ocado Group PLC (LON:OCDO) in a research note released on Monday morning. The firm currently has a GBX 265 ($3.38) target price on the stock.
Other research analysts also recently issued research reports about the company. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 400 ($5.10) price objective on shares of Ocado Group PLC in a research note on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) reaffirmed a buy rating and issued a GBX 440 ($5.61) price objective on shares of Ocado Group PLC in a research note on Wednesday, April 12th. Jefferies Group LLC reaffirmed a hold rating and issued a GBX 250 ($3.19) price objective on shares of Ocado Group PLC in a research note on Wednesday, June 7th. Shore Capital reaffirmed a not rated rating on shares of Ocado Group PLC in a research note on Tuesday, June 13th. Finally, Credit Suisse Group reaffirmed an outperform rating and issued a GBX 410 ($5.22) price objective on shares of Ocado Group PLC in a research note on Friday, May 26th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Ocado Group PLC has a consensus rating of Hold and a consensus target price of GBX 307.64 ($3.92).
Shares of Ocado Group PLC (LON:OCDO) traded down 1.14% during midday trading on Monday, hitting GBX 302.90. The stock had a trading volume of 3,066,913 shares. Ocado Group PLC has a 12 month low of GBX 204.30 and a 12 month high of GBX 340.00. The stock’s 50 day moving average price is GBX 287.02 and its 200 day moving average price is GBX 261.64. The firm’s market cap is GBX 1.81 billion.
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About Ocado Group PLC
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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