Ocado Group’s (OCDO) “Buy” Rating Reiterated at Numis Securities

Ocado Group (LON:OCDO)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities in a report released on Wednesday. They currently have a GBX 600 ($8.41) target price on the stock. Numis Securities’ price target would suggest a potential upside of 28.64% from the company’s current price.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of Ocado Group in a report on Wednesday. Deutsche Bank reissued a “sell” rating on shares of Ocado Group in a report on Wednesday. Citigroup reissued a “buy” rating and set a GBX 400 ($5.61) price objective on shares of Ocado Group in a report on Wednesday. Shore Capital reissued a “not rated” rating on shares of Ocado Group in a report on Tuesday. Finally, Peel Hunt restated a “buy” rating and issued a GBX 520 ($7.29) target price on shares of Ocado Group in a research note on Thursday, February 1st. Five analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 371.75 ($5.21).

Shares of Ocado Group (LON OCDO) opened at GBX 466.40 ($6.54) on Wednesday. The company has a market capitalization of $3,010.00 and a P/E ratio of 23,320.00. Ocado Group has a twelve month low of GBX 233.10 ($3.27) and a twelve month high of GBX 551.40 ($7.73).

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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.

Analyst Recommendations for Ocado Group (LON:OCDO)

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