Credit Suisse Group Reaffirms Outperform Rating for Ocado Group PLC (LON:OCDO)

Ocado Group PLC (LON:OCDO)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse Group in a research note issued on Friday, July 21st.

A number of other research firms also recently issued reports on OCDO. Numis Securities Ltd restated a “buy” rating and set a GBX 400 ($5.19) target price on shares of Ocado Group PLC in a research report on Monday, June 5th. Goldman Sachs Group, Inc. (The) restated a “conviction-buy” rating and set a GBX 440 ($5.71) target price on shares of Ocado Group PLC in a research report on Monday, June 5th. Shore Capital reaffirmed an “under review” rating on shares of Ocado Group PLC in a report on Tuesday, June 6th. Jefferies Group LLC reaffirmed a “hold” rating and issued a GBX 250 ($3.25) price objective on shares of Ocado Group PLC in a report on Wednesday, June 7th. Finally, Deutsche Bank AG reaffirmed a “sell” rating and issued a GBX 220 ($2.86) price objective on shares of Ocado Group PLC in a report on Wednesday, June 7th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of GBX 294 ($3.82).

Shares of Ocado Group PLC (OCDO) traded down 2.94% on Friday, reaching GBX 283.50. The company’s stock had a trading volume of 1,762,229 shares. The company’s 50 day moving average price is GBX 292.75 and its 200 day moving average price is GBX 272.36. The company’s market cap is GBX 1.70 billion. Ocado Group PLC has a 12-month low of GBX 233.00 and a 12-month high of GBX 340.00.

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About Ocado Group PLC

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom.

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