Ocado Group (OCDO) Rating Reiterated by Deutsche Bank

Deutsche Bank reissued their sell rating on shares of Ocado Group (LON:OCDO) in a research note released on Monday. The brokerage currently has a GBX 200 ($2.71) price target on the stock.

Other research analysts have also recently issued research reports about the company. Citigroup reaffirmed a buy rating and issued a GBX 400 ($5.42) price target on shares of Ocado Group in a report on Tuesday, November 28th. Numis Securities reaffirmed a buy rating and issued a GBX 400 ($5.42) price target on shares of Ocado Group in a report on Tuesday, September 19th. Peel Hunt began coverage on shares of Ocado Group in a research report on Thursday, December 7th. They set a buy rating and a GBX 460 ($6.24) price objective on the stock. Goldman Sachs Group reiterated a conviction-buy rating and set a GBX 430 ($5.83) price objective on shares of Ocado Group in a research report on Friday, November 24th. Finally, Berenberg Bank began coverage on shares of Ocado Group in a research report on Tuesday, October 3rd. They set a hold rating and a GBX 286 ($3.88) price objective on the stock. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of Hold and an average target price of GBX 316.53 ($4.29).

Ocado Group (OCDO) opened at GBX 407.30 ($5.52) on Monday. The stock has a market capitalization of $2,620.00 and a price-to-earnings ratio of 20,365.00. Ocado Group has a twelve month low of GBX 233 ($3.16) and a twelve month high of GBX 444.70 ($6.03).

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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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