Ocado Group (LON:OCDO) Insider Tim Steiner Acquires 62 Shares of Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner acquired 62 shares of the firm’s stock in a transaction on Monday, September 15th. The stock was purchased at an average price of GBX 243 per share, with a total value of £150.66.

Tim Steiner also recently made the following trade(s):

• On Friday, August 15th, Tim Steiner acquired 40 shares of Ocado Group stock. The stock was purchased at an average price of GBX 374 per share, with a total value of £149.60.

Ocado Group Trading Down 2.1%

Shares of Ocado Group stock opened at GBX 225.50 on Wednesday. The firm has a 50-day simple moving average of GBX 318.72 and a two-hundred day simple moving average of GBX 282.57. The company has a market cap of £1.87 billion, a P/E ratio of 479.79 and a beta of 1.85. Ocado Group plc has a fifty-two week low of GBX 222.10 and a fifty-two week high of GBX 411. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on shares of Ocado Group from GBX 400 to GBX 437 and gave the stock an “overweight” rating in a research report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 437.

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.