Ocado Group (OCDO) Stock Rating Reaffirmed by Peel Hunt

Ocado Group (LON:OCDO)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a note issued to investors on Monday, February 4th.

A number of other equities analysts have also weighed in on OCDO. Barclays reiterated an “equal weight” rating on shares of Ocado Group in a research report on Wednesday, October 10th. Bank of America reissued a “buy” rating and issued a GBX 1,020 ($13.33) price target on shares of Ocado Group in a report on Tuesday, October 16th. Finally, Numis Securities reissued a “buy” rating and issued a GBX 1,250 ($16.33) price target on shares of Ocado Group in a report on Tuesday, October 30th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of GBX 846.11 ($11.06).

LON:OCDO traded down GBX 8 ($0.10) on Monday, reaching GBX 895.60 ($11.70). 1,857,696 shares of the company’s stock were exchanged, compared to its average volume of 2,950,000. Ocado Group has a 52 week low of GBX 233.10 ($3.05) and a 52 week high of GBX 603.20 ($7.88).

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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