Ocado Group PLC (OCDO) Given Consensus Rating of “Hold” by Analysts
Shares of Ocado Group PLC (LON:OCDO) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is GBX 293.50 ($3.96).
A number of analysts have weighed in on the stock. Goldman Sachs Group, Inc. (The) decreased their target price on shares of Ocado Group PLC from GBX 440 ($5.93) to GBX 430 ($5.80) and set a “buy” rating for the company in a research report on Friday. Numis Securities Ltd reissued a “buy” rating and set a GBX 400 ($5.39) target price on shares of Ocado Group PLC in a research report on Tuesday, June 13th. Deutsche Bank AG reissued a “sell” rating and set a GBX 220 ($2.97) target price on shares of Ocado Group PLC in a research report on Wednesday, June 7th. Credit Suisse Group reissued an “outperform” rating and set a GBX 410 ($5.53) target price on shares of Ocado Group PLC in a research report on Friday, May 26th. Finally, HSBC Holdings plc reissued a “reduce” rating and set a GBX 180 ($2.43) target price on shares of Ocado Group PLC in a research report on Wednesday, June 28th.
Ocado Group PLC (LON:OCDO) traded down 0.98% on Friday, reaching GBX 282.20. 1,568,105 shares of the company traded hands. The firm has a 50 day moving average of GBX 298.60 and a 200-day moving average of GBX 280.27. The stock’s market capitalization is GBX 1.69 billion. Ocado Group PLC has a one year low of GBX 233.00 and a one year high of GBX 340.00.
In related news, insider Emma Lloyd acquired 17,300 shares of Ocado Group PLC stock in a transaction dated Friday, August 25th. The stock was bought at an average price of GBX 285 ($3.84) per share, with a total value of £49,305 ($66,475.66). In the last ninety days, insiders have bought 17,455 shares of company stock valued at $4,975,463.
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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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