Ocado Group plc (OTCMKTS:OCDGF) Receives Consensus Rating of “Hold” from Analysts

Ocado Group plc (OTCMKTS:OCDGFGet Rating) has earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $1,716.67.

A number of brokerages have weighed in on OCDGF. Credit Suisse Group decreased their target price on shares of Ocado Group from GBX 1,750 ($22.77) to GBX 1,650 ($21.47) in a research note on Wednesday, February 16th. Royal Bank of Canada restated a “hold” rating and issued a $1,700.00 price objective on shares of Ocado Group in a research note on Monday, March 28th. Finally, Berenberg Bank reduced their price objective on Ocado Group from GBX 1,990 ($25.89) to GBX 1,800 ($23.42) and set a “buy” rating for the company in a research note on Tuesday, March 1st.

Shares of OCDGF opened at $14.84 on Thursday. The firm has a fifty day simple moving average of $16.02 and a two-hundred day simple moving average of $20.14. Ocado Group has a 1-year low of $14.06 and a 1-year high of $31.20.

About Ocado Group (Get Rating)

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

See Also

Analyst Recommendations for Ocado Group (OTCMKTS:OCDGF)

Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.