Ocado Group PLC (OCDO) Given Buy Rating at Numis Securities Ltd
Numis Securities Ltd restated their buy rating on shares of Ocado Group PLC (LON:OCDO) in a report released on Tuesday morning, MarketBeat reports. The brokerage currently has a GBX 400 ($5.39) price objective on the stock.
OCDO has been the subject of several other reports. Deutsche Bank AG reiterated a sell rating and set a GBX 220 ($2.97) price objective on shares of Ocado Group PLC in a research note on Friday, September 1st. Shore Capital reiterated an under review rating on shares of Ocado Group PLC in a research note on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reiterated a conviction-buy rating and set a GBX 440 ($5.93) price objective on shares of Ocado Group PLC in a research note on Monday, June 5th. Credit Suisse Group restated an outperform rating and set a GBX 410 ($5.53) target price on shares of Ocado Group PLC in a report on Friday, May 26th. Finally, HSBC Holdings plc restated a reduce rating and set a GBX 180 ($2.43) target price on shares of Ocado Group PLC in a report on Tuesday, July 4th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of GBX 310.45 ($4.19).
Shares of Ocado Group PLC (LON OCDO) opened at 282.20 on Tuesday. Ocado Group PLC has a 12-month low of GBX 233.00 and a 12-month high of GBX 340.00. The firm’s market cap is GBX 1.69 billion. The company has a 50-day moving average of GBX 298.60 and a 200 day moving average of GBX 280.27.
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In other news, insider Emma Lloyd purchased 17,300 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of GBX 285 ($3.84) per share, for a total transaction of £49,305 ($66,475.66). In the last quarter, insiders purchased 17,455 shares of company stock worth $4,975,463.
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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