Ocado Group (LON:OCDO) Insider Tim Steiner Acquires 68 Shares

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 68 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The stock was purchased at an average price of GBX 221 per share, with a total value of £150.28.

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

• On Wednesday, October 15th, Tim Steiner acquired 65 shares of Ocado Group stock. The stock was purchased at an average price of GBX 233 per share, with a total value of £151.45.
• On Monday, September 15th, Tim Steiner bought 62 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 243 per share, for a total transaction of £150.66.

Ocado Group Price Performance

LON:OCDO opened at GBX 179.90 on Wednesday. The company has a quick ratio of 2.82, a current ratio of 2.35 and a debt-to-equity ratio of 144.16. Ocado Group plc has a 52 week low of GBX 166 and a 52 week high of GBX 397.90. The stock’s 50-day moving average price is GBX 230.36 and its 200-day moving average price is GBX 268.03. The stock has a market capitalization of £1.49 billion, a PE ratio of 3.83 and a beta of 1.85.

Analyst Ratings Changes

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

Ocado Group Company Profile

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.