Ocado Group (OCDO) Given “Not Rated” Rating at Shore Capital
Several other equities analysts have also recently issued reports on OCDO. Peel Hunt reiterated a buy rating and issued a GBX 520 ($7.29) price objective on shares of Ocado Group in a research note on Thursday, February 1st. Royal Bank of Canada lifted their price objective on Ocado Group from GBX 320 ($4.49) to GBX 525 ($7.36) and gave the company a sector performer rating in a research note on Friday, January 26th. Barclays reiterated an equal weight rating and issued a GBX 265 ($3.72) price objective on shares of Ocado Group in a research note on Friday, January 12th. Goldman Sachs Group lifted their price objective on Ocado Group from GBX 445 ($6.24) to GBX 560 ($7.85) and gave the company a conviction-buy rating in a research note on Tuesday, January 23rd. Finally, Numis Securities reiterated a buy rating and issued a GBX 600 ($8.41) price objective on shares of Ocado Group in a research note on Monday, January 22nd. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Ocado Group currently has a consensus rating of Hold and an average target price of GBX 371.75 ($5.21).
Ocado Group (LON:OCDO) opened at GBX 462.50 ($6.48) on Tuesday. Ocado Group has a twelve month low of GBX 233.10 ($3.27) and a twelve month high of GBX 551.40 ($7.73). The company has a market capitalization of $2,920.00 and a PE ratio of 23,750.00.
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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