Ocado Group plc (LON:OCDO) Receives Average Recommendation of “Buy” from Analysts

Shares of Ocado Group plc (LON:OCDOGet Rating) have earned an average rating of “Buy” from the eleven research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,313.89 ($28.52).

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Ocado Group from GBX 1,800 ($22.19) to GBX 1,550 ($19.11) and set a “neutral” rating on the stock in a research report on Tuesday, February 8th. Morgan Stanley reissued an “overweight” rating on shares of Ocado Group in a report on Wednesday, May 11th. Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 1,700 ($20.96) price target on shares of Ocado Group in a report on Monday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,800 ($22.19) price target on shares of Ocado Group in a report on Thursday, April 14th.

Shares of LON OCDO traded up GBX 10.60 ($0.13) during mid-day trading on Friday, reaching GBX 753.60 ($9.29). The company had a trading volume of 1,263,344 shares, compared to its average volume of 1,722,046. The stock has a market cap of £5.66 billion and a P/E ratio of -24.95. The firm has a 50 day simple moving average of GBX 1,038.52 and a two-hundred day simple moving average of GBX 1,368.57. The company has a current ratio of 4.04, a quick ratio of 3.84 and a debt-to-equity ratio of 106.96. Ocado Group has a 52-week low of GBX 9.50 ($0.12) and a 52-week high of GBX 2,105 ($25.95).

In related news, insider Julie Southern purchased 755 shares of Ocado Group stock in a transaction that occurred on Tuesday, February 22nd. The shares were acquired at an average cost of GBX 1,318 ($16.25) per share, for a total transaction of £9,950.90 ($12,266.89). Also, insider Richard N. (Rick) Haythornthwaite acquired 12,600 shares of the company’s stock in a transaction on Monday, May 9th. The stock was acquired at an average price of GBX 794 ($9.79) per share, with a total value of £100,044 ($123,328.40). In the last ninety days, insiders have purchased 13,398 shares of company stock worth $11,043,223.

Ocado Group Company Profile (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.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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