Stephen Daintith Acquires 74 Shares of Ocado Group (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith purchased 74 shares of Ocado Group stock in a transaction on Tuesday, September 15th. The shares were acquired at an average price of GBX 204 per share, with a total value of £150.96.

Stephen Daintith also recently made the following trade(s):

• On Monday, August 17th, Stephen Daintith purchased 61 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 243 per share, with a total value of £148.23.
• On Wednesday, July 15th, Stephen Daintith purchased 87 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 172 per share, for a total transaction of £149.64.

Ocado Group Price Performance

OCDO stock traded up GBX 5.76 during trading on Wednesday, hitting GBX 212.56. The company had a trading volume of 693,232 shares, compared to its average volume of 21,422,504. The firm has a market capitalization of £1.78 billion, a price-to-earnings ratio of -7.02 and a beta of 2.41. The business has a 50 day moving average of GBX 211 and a 200 day moving average of GBX 200.64. Ocado Group plc has a fifty-two week low of GBX 140.30 and a fifty-two week high of GBX 299.30. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64.

Ocado Group (LON:OCDO) last announced its earnings results on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative net margin of 14.29% and a negative return on equity of 15.94%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 310 target price on shares of Ocado Group in a research report on Monday, June 1st. JPMorgan Chase & Co. boosted their price objective on Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a research note on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ocado Group presently has an average rating of “Buy” and an average target price of GBX 300.

About Ocado Group

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.