Ocado Group (OCDO) Earns Buy Rating from Analysts at Peel Hunt

Peel Hunt initiated coverage on shares of Ocado Group (LON:OCDO) in a research report sent to investors on Thursday. The firm issued a buy rating and a GBX 460 ($6.19) price objective on the stock.

Several other equities research analysts have also recently weighed in on OCDO. Shore Capital reiterated an under review rating on shares of Ocado Group in a research note on Tuesday, August 22nd. Goldman Sachs Group reiterated a conviction-buy rating and issued a GBX 440 ($5.92) target price on shares of Ocado Group in a research note on Thursday, August 24th. Citigroup started coverage on shares of Ocado Group in a research note on Wednesday, August 30th. They issued a buy rating and a GBX 400 ($5.38) target price for the company. Deutsche Bank reiterated a sell rating and issued a GBX 220 ($2.96) target price on shares of Ocado Group in a research note on Friday, September 1st. Finally, reiterated a reduce rating and issued a GBX 180 ($2.42) target price on shares of Ocado Group in a research note on Friday, September 15th. Five analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Ocado Group has an average rating of Hold and a consensus price target of GBX 316.53 ($4.26).

Shares of Ocado Group (LON OCDO) opened at GBX 355.90 ($4.79) on Thursday. Ocado Group has a one year low of GBX 233 ($3.14) and a one year high of GBX 373.10 ($5.02).

In other Ocado Group news, insider Andrew Harrison purchased 6,666 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of GBX 300 ($4.04) per share, with a total value of £19,998 ($26,915.21). Also, insider Duncan Tatton-Brown purchased 7,033 shares of the company’s stock in a transaction that occurred on Thursday, September 28th. The stock was acquired at an average cost of GBX 283 ($3.81) per share, with a total value of £19,903.39 ($26,787.87). Insiders purchased 13,858 shares of company stock valued at $4,035,240 in the last three months.

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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.

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