Ocado Group plc (OTCMKTS:OCDGF) Given Average Rating of “Strong Sell” by Brokerages

Shares of Ocado Group plc (OTCMKTS:OCDGF) have been given an average rating of “Strong Sell” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $675.00.

Separately, BNP Paribas upgraded Ocado Group from an “underperform” rating to a “neutral” rating in a report on Monday, June 12th.

Ocado Group Price Performance

Shares of OCDGF opened at $9.87 on Friday. The stock’s fifty day simple moving average is $9.41 and its 200 day simple moving average is $7.12. Ocado Group has a twelve month low of $4.26 and a twelve month high of $12.99.

Ocado Group Company Profile

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