Ocado Group PLC (OCDO) Receives Consensus Recommendation of “Hold” from Analysts

Ocado Group PLC (LON:OCDO) has been assigned an average recommendation of “Hold” from the sixteen research firms that are covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 316.53 ($4.26).

A number of research firms recently weighed in on OCDO. Citigroup reaffirmed a “buy” rating and issued a GBX 400 ($5.38) target price on shares of Ocado Group in a research report on Wednesday, September 20th. Numis Securities reaffirmed a “buy” rating and issued a GBX 400 ($5.38) target price on shares of Ocado Group in a research report on Tuesday, September 19th. Peel Hunt began coverage on shares of Ocado Group in a research report on Thursday. They issued a “buy” rating and a GBX 460 ($6.19) target price for the company. Goldman Sachs Group reaffirmed a “conviction-buy” rating and issued a GBX 440 ($5.92) target price on shares of Ocado Group in a research report on Thursday, August 24th. Finally, Berenberg Bank began coverage on shares of Ocado Group in a research report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.85) target price for the company.

In related news, insider Andrew Harrison bought 6,666 shares of the business’s stock in a transaction dated Wednesday, October 11th. The stock was bought at an average price of GBX 300 ($4.04) per share, for a total transaction of £19,998 ($26,915.21). Also, insider Duncan Tatton-Brown bought 7,033 shares of the business’s stock in a transaction dated Thursday, September 28th. The shares were bought at an average price of GBX 283 ($3.81) per share, with a total value of £19,903.39 ($26,787.87). In the last quarter, insiders acquired 13,858 shares of company stock valued at $4,035,240.

Shares of Ocado Group (LON:OCDO) traded up GBX 3.60 ($0.05) during mid-day trading on Thursday, hitting GBX 352 ($4.74). 2,310,414 shares of the stock traded hands, compared to its average volume of 3,520,000. Ocado Group has a 52 week low of GBX 233 ($3.14) and a 52 week high of GBX 373.10 ($5.02).

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Ocado Group Company Profile

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.

Analyst Recommendations for Ocado Group (LON:OCDO)

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