Ocado Group’s (OCDO) Buy Rating Reaffirmed at Citigroup

Citigroup restated their buy rating on shares of Ocado Group (LON:OCDO) in a research report sent to investors on Wednesday morning. The brokerage currently has a GBX 400 ($5.61) target price on the stock.

A number of other research analysts have also recently commented on the stock. Peel Hunt started coverage on shares of Ocado Group in a report on Thursday, December 7th. They issued a buy rating and a GBX 460 ($6.45) target price for the company. Credit Suisse Group reissued an outperform rating and issued a GBX 480 ($6.73) target price on shares of Ocado Group in a report on Monday, November 27th. Deutsche Bank reissued a sell rating on shares of Ocado Group in a report on Monday, November 20th. Societe Generale increased their target price on shares of Ocado Group from GBX 189 ($2.65) to GBX 207 ($2.90) and gave the stock a sell rating in a report on Wednesday, November 29th. Finally, Goldman Sachs Group reissued a conviction-buy rating and issued a GBX 430 ($6.03) target price on shares of Ocado Group in a report on Friday, November 24th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 371.75 ($5.21).

Ocado Group (LON OCDO) opened at GBX 462.50 ($6.48) on Wednesday. The company has a market cap of $2,920.00 and a PE ratio of 23,750.00. Ocado Group has a fifty-two week low of GBX 233.10 ($3.27) and a fifty-two week high of GBX 551.40 ($7.73).

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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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