Shares of Ocado Group plc (OTCMKTS:OCDGF – Get Rating) have received a consensus rating of "Hold" from the nine research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $1,108.33.
Several equities analysts recently commented on OCDGF shares. Barclays raised Ocado Group from an "underweight" rating to an "equal weight" rating and set a $740.00 target price on the stock in a report on Thursday, September 8th. Morgan Stanley started coverage on Ocado Group in a report on Tuesday, September 6th. They set an "underweight" rating and a $610.00 price objective on the stock. JPMorgan Chase & Co. dropped their price objective on Ocado Group from GBX 1,550 ($18.73) to GBX 850 ($10.27) in a report on Friday, May 27th. Credit Suisse Group lowered Ocado Group from a "neutral" rating to an "underperform" rating in a report on Wednesday. Finally, UBS Group dropped their price objective on Ocado Group from GBX 2,100 ($25.37) to GBX 950 ($11.48) and set a "neutral" rating on the stock in a report on Friday, July 15th.
Get Ocado Group alerts:Ocado Group Price Performance
OTCMKTS:OCDGF opened at $7.65 on Friday. The business's fifty day moving average price is $9.74 and its 200 day moving average price is $11.53. Ocado Group has a 12 month low of $7.20 and a 12 month high of $25.75.
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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