Ocado Group’s (OCDO) “Sell” Rating Reiterated at Deutsche Bank

Deutsche Bank reaffirmed their sell rating on shares of Ocado Group (LON:OCDO) in a report issued on Tuesday morning.

OCDO has been the subject of several other reports. Citigroup restated a buy rating and issued a GBX 400 ($5.38) price target on shares of Ocado Group in a report on Tuesday, November 28th. Goldman Sachs Group restated a conviction-buy rating and issued a GBX 430 ($5.79) price target on shares of Ocado Group in a report on Friday, November 24th. Shore Capital restated an under review rating on shares of Ocado Group in a report on Tuesday, August 22nd. Societe Generale increased their price target on Ocado Group from GBX 189 ($2.54) to GBX 207 ($2.79) and gave the stock a sell rating in a report on Wednesday, November 29th. Finally, restated a reduce rating and issued a GBX 180 ($2.42) price target on shares of Ocado Group in a report on Friday, September 15th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 316.53 ($4.26).

Shares of Ocado Group (OCDO) opened at GBX 361.55 ($4.87) on Tuesday. Ocado Group has a fifty-two week low of GBX 233 ($3.14) and a fifty-two week high of GBX 373.10 ($5.02).

In related news, insider Duncan Tatton-Brown purchased 7,033 shares of the firm’s stock in a transaction on Thursday, September 28th. The stock was purchased at an average cost of GBX 283 ($3.81) per share, for a total transaction of £19,903.39 ($26,787.87). Also, insider Andrew Harrison purchased 6,666 shares of the firm’s stock in a transaction on Wednesday, October 11th. The stock was bought at an average price of GBX 300 ($4.04) per share, with a total value of £19,998 ($26,915.21). Over the last 90 days, insiders acquired 13,852 shares of company stock valued at $4,035,476.

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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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