Ocado Group’s (OCDO) Buy Rating Reiterated at Peel Hunt
Ocado Group (LON:OCDO)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a report issued on Friday. They currently have a GBX 460 ($6.24) price target on the stock. Peel Hunt’s target price indicates a potential upside of 11.38% from the company’s current price.
OCDO has been the topic of a number of other research reports. Citigroup restated a “buy” rating and issued a GBX 400 ($5.42) price objective on shares of Ocado Group in a report on Tuesday, November 28th. Deutsche Bank restated a “sell” rating on shares of Ocado Group in a report on Monday, November 20th. Goldman Sachs Group restated a “conviction-buy” rating and issued a GBX 430 ($5.83) price objective on shares of Ocado Group in a report on Friday, November 24th. Societe Generale increased their price objective on Ocado Group from GBX 189 ($2.56) to GBX 207 ($2.81) and gave the stock a “sell” rating in a report on Wednesday, November 29th. Finally, Jefferies Group reaffirmed a “hold” rating and set a GBX 250 ($3.39) target price on shares of Ocado Group in a research report on Wednesday, November 29th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 316.53 ($4.29).
Ocado Group (LON OCDO) traded down GBX 2 ($0.03) during trading hours on Friday, reaching GBX 413 ($5.60). The company had a trading volume of 1,492,902 shares, compared to its average volume of 2,060,000. Ocado Group has a 12-month low of GBX 233 ($3.16) and a 12-month high of GBX 444.70 ($6.03). The firm has a market capitalization of $2,610.00 and a P/E ratio of 20,650.00.
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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