Ocado Group PLC (LON:OCDO) Receives GBX 1,010 Average Target Price from Brokerages

Shares of Ocado Group PLC (LON:OCDO) have been given a consensus rating of “Hold” by the thirteen analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,010 ($13.20).

A number of brokerages have recently weighed in on OCDO. Barclays reiterated an “equal weight” rating on shares of Ocado Group in a report on Tuesday, July 16th. Morgan Stanley reiterated an “equal weight” rating and issued a GBX 1,320 ($17.25) price target on shares of Ocado Group in a report on Monday, August 5th. Investec restated a “sell” rating and set a GBX 880 ($11.50) price objective on shares of Ocado Group in a research note on Wednesday, August 28th. Peel Hunt restated a “buy” rating on shares of Ocado Group in a research note on Tuesday, October 8th. Finally, JPMorgan Chase & Co. downgraded Ocado Group to an “underweight” rating and lowered their price objective for the stock from GBX 1,073 ($14.02) to GBX 1,050 ($13.72) in a research note on Monday, October 14th.

In other Ocado Group news, insider Claudia Arney purchased 5,230 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was bought at an average price of GBX 1,324 ($17.30) per share, with a total value of £69,245.20 ($90,481.12). Also, insider Neill Abrams purchased 1,610 shares of the firm’s stock in a transaction dated Tuesday, August 27th. The stock was acquired at an average cost of GBX 1,117 ($14.60) per share, with a total value of £17,983.70 ($23,498.89). Over the last 90 days, insiders have purchased 6,862 shares of company stock valued at $8,752,062.

Shares of LON OCDO traded down GBX 91.50 ($1.20) during trading on Thursday, reaching GBX 1,189.50 ($15.54). The stock had a trading volume of 3,586,843 shares, compared to its average volume of 2,950,000. Ocado Group has a one year low of GBX 737.60 ($9.64) and a one year high of GBX 1,440.50 ($18.82). The company has a debt-to-equity ratio of 94.24, a quick ratio of 1.23 and a current ratio of 1.37. The stock has a market cap of $8.57 billion and a PE ratio of -48.16. The firm’s 50 day moving average price is GBX 1,314.07 and its two-hundred day moving average price is GBX 1,256.41.

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.

Further Reading: What does an outperform rating mean?

Analyst Recommendations for Ocado Group (LON:OCDO)

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