Ocado Group (OCDO) Rating Reiterated by Jefferies Group

Jefferies Group reaffirmed their hold rating on shares of Ocado Group (LON:OCDO) in a research report report published on Wednesday morning. Jefferies Group currently has a GBX 250 ($3.35) price objective on the stock.

OCDO has been the subject of several other reports. Deutsche Bank reiterated a sell rating on shares of Ocado Group in a research report on Monday, November 20th. reiterated a reduce rating and set a GBX 180 ($2.41) target price on shares of Ocado Group in a research report on Friday, September 15th. Morgan Stanley reiterated an overweight rating and set a GBX 380 ($5.09) target price on shares of Ocado Group in a research report on Wednesday, October 4th. Berenberg Bank initiated coverage on Ocado Group in a research report on Tuesday, October 3rd. They set a hold rating and a GBX 286 ($3.83) target price for the company. Finally, Numis Securities reiterated a buy rating and set a GBX 400 ($5.36) target price on shares of Ocado Group in a research report on Tuesday, September 19th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Ocado Group presently has a consensus rating of Hold and a consensus price target of GBX 306.29 ($4.10).

Shares of Ocado Group (LON OCDO) opened at GBX 363.50 ($4.87) on Wednesday. Ocado Group has a 52-week low of GBX 233 ($3.12) and a 52-week high of GBX 370.30 ($4.96).

In other news, insider Duncan Tatton-Brown acquired 7,033 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The stock was purchased at an average cost of GBX 283 ($3.79) per share, for a total transaction of £19,903.39 ($26,655.14). Also, insider Andrew Harrison acquired 6,666 shares of the firm’s stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of GBX 300 ($4.02) per share, with a total value of £19,998 ($26,781.84). Insiders purchased 13,858 shares of company stock valued at $4,035,240 over the last 90 days.

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About Ocado Group

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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