Shares of Ocado Group plc (LON:OCDO – Get Rating) have been assigned a consensus recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokerages that have covered the stock in the last year is GBX 1,648 ($20.19).
A number of equities analysts have recently commented on OCDO shares. Barclays reissued an "underweight" rating and issued a GBX 1,500 ($18.38) price target on shares of Ocado Group in a research report on Friday, July 22nd. JPMorgan Chase & Co. dropped their price target on shares of Ocado Group from GBX 1,550 ($18.99) to GBX 850 ($10.42) and set a "neutral" rating on the stock in a research report on Friday, May 27th. Royal Bank of Canada restated a "sector perform" rating and issued a GBX 1,700 ($20.83) price objective on shares of Ocado Group in a research note on Monday, May 30th. Morgan Stanley restated an "overweight" rating on shares of Ocado Group in a research note on Wednesday, May 11th. Finally, Shore Capital restated a "not rated" rating on shares of Ocado Group in a research note on Wednesday, July 20th.
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Insiders Place Their Bets
In other Ocado Group news, insider Richard N. (Rick) Haythornthwaite purchased 12,600 shares of the firm's stock in a transaction on Monday, May 9th. The shares were purchased at an average price of GBX 794 ($9.73) per share, for a total transaction of £100,044 ($122,587.92). Insiders have acquired 12,657 shares of company stock worth $10,049,313 over the last 90 days.
Ocado Group Trading Down 1.2 %
LON:OCDO opened at GBX 859.40 ($10.53) on Wednesday. Ocado Group has a 12 month low of GBX 9.50 ($0.12) and a 12 month high of GBX 2,105 ($25.79). The firm has a market cap of £7.09 billion and a price-to-earnings ratio of -28.79. The company has a quick ratio of 2.82, a current ratio of 2.99 and a debt-to-equity ratio of 117.40. The company's 50 day moving average is GBX 838.66 and its 200-day moving average is GBX 1,050.
Ocado Group Company Profile
(Get Rating)
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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