Ocado Group PLC (OCDO) Rating Reiterated by Credit Suisse Group
Ocado Group PLC (LON:OCDO)‘s stock had its “outperform” rating reiterated by investment analysts at Credit Suisse Group in a research note issued to investors on Monday. They presently have a GBX 480 ($6.31) target price on the stock. Credit Suisse Group’s target price points to a potential upside of 101.09% from the stock’s previous close.
OCDO has been the subject of a number of other research reports. Deutsche Bank AG reiterated a “sell” rating on shares of Ocado Group in a research note on Monday, November 20th. reiterated a “reduce” rating and issued a GBX 180 ($2.37) price target on shares of Ocado Group in a research note on Friday, September 15th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 380 ($5.00) price target on shares of Ocado Group in a research note on Wednesday, October 4th. Berenberg Bank initiated coverage on Ocado Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.76) price target for the company. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 400 ($5.26) price target on shares of Ocado Group in a research note on Tuesday, September 19th. Four research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Ocado Group has an average rating of “Hold” and a consensus price target of GBX 313.92 ($4.13).
Ocado Group (LON OCDO) opened at GBX 238.70 ($3.14) on Monday. Ocado Group has a twelve month low of GBX 233 ($3.06) and a twelve month high of GBX 340 ($4.47).
In other Ocado Group news, insider Duncan Tatton-Brown purchased 7,033 shares of the stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average price of GBX 283 ($3.72) per share, with a total value of £19,903.39 ($26,178.34). Also, insider Andrew Harrison purchased 6,666 shares of the stock in a transaction that occurred on Wednesday, October 11th. The stock was acquired at an average cost of GBX 300 ($3.95) per share, with a total value of £19,998 ($26,302.78). In the last 90 days, insiders have bought 13,858 shares of company stock valued at $4,035,240.
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Ocado Group 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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