Ocado Group’s (OCDO) “Buy” Rating Reiterated at Peel Hunt
Ocado Group (LON:OCDO)‘s stock had its “buy” rating restated by equities research analysts at Peel Hunt in a research note issued on Tuesday.
Several other equities research analysts have also commented on OCDO. HSBC restated a “hold” rating on shares of Ocado Group in a report on Monday, August 13th. Numis Securities restated a “buy” rating on shares of Ocado Group in a report on Tuesday, September 18th. UBS Group restated a “neutral” rating and issued a GBX 750 ($9.80) price target on shares of Ocado Group in a report on Monday, October 1st. Barclays restated an “equal weight” rating on shares of Ocado Group in a report on Wednesday, October 10th. Finally, Bank of America restated a “buy” rating and issued a GBX 1,020 ($13.33) price target on shares of Ocado Group in a report on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 601.20 ($7.86).
OCDO traded down GBX 15.40 ($0.20) on Tuesday, reaching GBX 753 ($9.84). 2,419,478 shares of the company traded hands, compared to its average volume of 2,950,000. Ocado Group has a one year low of GBX 233.10 ($3.05) and a one year high of GBX 603.20 ($7.88).
Ocado Group Company Profile
Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.
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