Ocado Group’s (OCDO) “Buy” Rating Reaffirmed at Numis Securities
Numis Securities restated their buy rating on shares of Ocado Group (LON:OCDO) in a research note issued to investors on Thursday morning. They currently have a GBX 400 ($5.38) price objective on the stock.
OCDO has been the topic of a number of other research reports. Deutsche Bank reiterated a sell rating on shares of Ocado Group in a research report on Monday, November 20th. reiterated a reduce rating and set a GBX 180 ($2.42) target price on shares of Ocado Group in a research report on Friday, September 15th. Citigroup reiterated a buy rating and set a GBX 400 ($5.38) target price on shares of Ocado Group in a research report on Tuesday. Morgan Stanley reiterated an overweight rating and set a GBX 380 ($5.11) target price on shares of Ocado Group in a research report on Wednesday, October 4th. Finally, Berenberg Bank assumed coverage on Ocado Group in a research report on Tuesday, October 3rd. They issued a hold rating and a GBX 286 ($3.85) price target on the stock. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average target price of GBX 316.53 ($4.26).
Ocado Group (OCDO) traded down GBX 6.60 ($0.09) on Thursday, hitting GBX 337 ($4.54). The stock had a trading volume of 2,907,129 shares, compared to its average volume of 3,470,000. Ocado Group has a twelve month low of GBX 233 ($3.14) and a twelve month high of GBX 373.10 ($5.02).
In related news, insider Duncan Tatton-Brown bought 7,033 shares of Ocado Group stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of GBX 283 ($3.81) per share, with a total value of £19,903.39 ($26,787.87). Also, insider Andrew Harrison bought 6,666 shares of Ocado Group stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average cost of GBX 300 ($4.04) per share, for a total transaction of £19,998 ($26,915.21). Insiders have bought a total of 13,852 shares of company stock worth $4,035,476 in the last three months.
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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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