Tim Steiner Purchases 87 Shares of Ocado Group (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 87 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were acquired at an average price of GBX 172 per share, for a total transaction of £149.64.

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

• On Friday, June 12th, Tim Steiner purchased 76 shares of Ocado Group stock. The stock was acquired at an average price of GBX 198 per share, with a total value of £150.48.
• On Friday, May 15th, Tim Steiner purchased 81 shares of Ocado Group stock. The stock was acquired at an average price of GBX 185 per share, with a total value of £149.85.

Ocado Group Price Performance

OCDO stock opened at GBX 165.20 on Friday. The company has a fifty day moving average price of GBX 190.13 and a 200-day moving average price of GBX 208.28. The company has a market capitalization of £1.38 billion, a P/E ratio of 3.39 and a beta of 2.39. Ocado Group plc has a 52-week low of GBX 140.30 and a 52-week high of GBX 397.90. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41.

Ocado Group (LON:OCDO) last issued its quarterly earnings results on Thursday, July 16th. The company reported GBX (3.90) EPS for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Analyst Upgrades and Downgrades

OCDO has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 310 price target on shares of Ocado Group in a research report on Monday, June 1st. JPMorgan Chase & Co. lowered their price objective on Ocado Group from GBX 290 to GBX 245 and set an “overweight” rating for the company in a research report on Friday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of GBX 277.50.

Key Stories Impacting Ocado Group

Here are the key news stories impacting Ocado Group this week:

• Neutral Sentiment: Ocado reported quarterly earnings with EPS of GBX (3.90), but the market appeared to focus more on the company’s ongoing challenges and execution outlook than on the headline numbers. Ocado Group earnings report
• Neutral Sentiment: Insider buying by Tim Steiner and Stephen Daintith, each purchasing 87 shares at GBX 172, may signal confidence, but the trades were very small and likely have limited direct impact on the stock. Insider buying alert
• Neutral Sentiment: JPMorgan Chase & Co. cut its price target on Ocado to GBX 245 from GBX 290, but kept an overweight rating, which suggests continued long-term optimism even as near-term expectations are trimmed. JPMorgan price target update
• Negative Sentiment: Reports that Ocado shares hit a 13-year low amid weak progress in winning new U.S. partners likely weighed on sentiment, as investors remain concerned about growth prospects and commercialization momentum. Ocado shares hit 13-year low report

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.