Ocado Group plc (LON:OCDO – Get Rating) has received a consensus recommendation of "Moderate Buy" from the seven brokerages that are presently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is GBX 1,496 ($18.08).
Several brokerages have issued reports on OCDO. Berenberg Bank dropped their price target 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 note on Monday, July 25th. Barclays dropped their price target on Ocado Group from GBX 775 ($9.36) to GBX 740 ($8.94) and set an "equal weight" rating on the stock in a research note on Wednesday, September 14th. Royal Bank of Canada reissued a "sector perform" rating and issued a GBX 1,700 ($20.54) price target on shares of Ocado Group in a research note on Monday, May 30th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a GBX 850 ($10.27) target price on shares of Ocado Group in a research report on Monday, August 8th. Finally, Shore Capital reaffirmed a "not rated" rating on shares of Ocado Group in a research report on Wednesday, July 20th.
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Insider Transactions at Ocado Group
In related news, insider Jorn Rausing purchased 422,004 shares of the firm's stock in a transaction that occurred on Thursday, September 15th. The stock was acquired at an average price 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 OCDO opened at GBX 568.20 ($6.87) on Thursday. Ocado Group has a 52-week low of GBX 9.50 ($0.11) and a 52-week high of GBX 1,964.50 ($23.74). The company has a debt-to-equity ratio of 117.40, a quick ratio of 2.82 and a current ratio of 2.99. The business's 50 day moving average price is GBX 791.28 and its two-hundred day moving average price is GBX 907.26. The firm has a market cap of £4.69 billion and a PE ratio of -18.75.
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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