Ocado Group plc (LON:OCDO – Get Rating) insider Jorn Rausing bought 422,004 shares of the business's stock in a transaction on Thursday, September 15th. The stock was acquired at an average cost of GBX 645 ($7.79) per share, for a total transaction of £2,721,925.80 ($3,288,938.86).

Ocado Group Price Performance

Shares of LON OCDO opened at GBX 671 ($8.11) on Friday. Ocado Group plc has a twelve month low of GBX 9.50 ($0.11) and a twelve month high of GBX 1,964.50 ($23.74). The company has a current ratio of 2.99, a quick ratio of 2.82 and a debt-to-equity ratio of 117.40. The company has a market capitalization of £5.54 billion and a price-to-earnings ratio of -22.12. The business has a 50 day simple moving average of GBX 803 and a 200-day simple moving average of GBX 922.97.

Analysts Set New Price Targets

A number of brokerages have issued reports on OCDO. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a GBX 850 ($10.27) target price on shares of Ocado Group in a research report on Monday, August 8th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a GBX 1,700 ($20.54) target price on shares of Ocado Group in a research report on Monday, May 30th. Berenberg Bank cut their target price on Ocado Group from GBX 1,415 ($17.10) to GBX 1,290 ($15.59) and set a "buy" rating on the stock in a research report on Monday, July 25th. Shore Capital reaffirmed a "not rated" rating on shares of Ocado Group in a research report on Wednesday, July 20th. Finally, Barclays lowered their price target on Ocado Group from GBX 775 ($9.36) to GBX 740 ($8.94) and set an "equal weight" rating for the company in a report on Wednesday. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of GBX 1,496 ($18.08).

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

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