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Ocado Group plc (OTCMKTS:OCDGF) Receives $1,360.00 Average Price Target from Analysts

Financial News Live ·  Aug 6, 2022 08:42

Ocado Group plc (OTCMKTS:OCDGF – Get Rating) has earned an average recommendation of "Hold" from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $1,360.00.

OCDGF has been the subject of several research analyst reports. Barclays reissued a "sell" rating and issued a $1,500.00 target price on shares of Ocado Group in a research report on Friday, July 22nd. UBS Group decreased their price target on shares of Ocado Group from GBX 2,100 ($25.73) to GBX 950 ($11.64) and set a "neutral" rating for the company in a report on Friday, July 15th. HSBC raised shares of Ocado Group from a "reduce" rating to a "hold" rating in a report on Thursday, May 5th. JPMorgan Chase & Co. decreased their price target on shares of Ocado Group from GBX 1,550 ($18.99) to GBX 850 ($10.42) in a report on Friday, May 27th. Finally, Royal Bank of Canada reaffirmed a "hold" rating and issued a $1,700.00 price target on shares of Ocado Group in a report on Monday, May 16th.

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Ocado Group Price Performance

OCDGF opened at $11.63 on Friday. The company has a 50-day moving average of $10.33 and a 200-day moving average of $13.44. Ocado Group has a 1-year low of $8.50 and a 1-year high of $28.85.

About Ocado Group

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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.

Further Reading

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