Ocado Group PLC (OCDO) Given Sell Rating at Deutsche Bank AG
Other research analysts have also issued reports about the company. Numis Securities Ltd reaffirmed a buy rating and set a GBX 400 ($5.17) target price on shares of Ocado Group PLC in a research report on Monday, June 5th. Citigroup Inc. started coverage on Ocado Group PLC in a research report on Wednesday, August 30th. They set a buy rating and a GBX 400 ($5.17) target price on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating and set a GBX 440 ($5.68) target price on shares of Ocado Group PLC in a research report on Tuesday, June 13th. Barclays PLC reaffirmed an equal weight rating and set a GBX 265 ($3.42) target price on shares of Ocado Group PLC in a research report on Monday, June 19th. Finally, Jefferies Group LLC reaffirmed a hold rating and set a GBX 250 ($3.23) target price on shares of Ocado Group PLC in a research report on Wednesday, June 7th. 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 issued a strong buy rating to the company. The company has a consensus rating of Hold and a consensus price target of GBX 313.18 ($4.04).
Ocado Group PLC (LON:OCDO) traded up 0.13% during midday trading on Thursday, hitting GBX 298.70. The company had a trading volume of 1,738,256 shares. Ocado Group PLC has a 52 week low of GBX 233.00 and a 52 week high of GBX 340.00. The stock has a 50 day moving average price of GBX 298.82 and a 200-day moving average price of GBX 279.19. The stock’s market capitalization is GBX 1.79 billion.
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In other news, insider Emma Lloyd purchased 17,300 shares of the company’s stock in a transaction on Friday, August 25th. The shares were acquired at an average price of GBX 285 ($3.68) per share, for a total transaction of £49,305 ($63,676.87). In the last quarter, insiders have acquired 17,405 shares of company stock worth $4,960,563.
Ocado Group PLC Company Profile
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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