Shares of Ocado Group plc (OTCMKTS:OCDGF – Get Rating) have earned an average rating of "Hold" from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $665.00.
A number of research firms recently weighed in on OCDGF. Deutsche Bank Aktiengesellschaft began coverage on shares of Ocado Group in a research note on Thursday. They set a "hold" rating for the company. Royal Bank of Canada downgraded shares of Ocado Group from a "sector perform" rating to an "underperform" rating in a research note on Thursday, January 26th. Finally, The Goldman Sachs Group initiated coverage on shares of Ocado Group in a research note on Tuesday, April 11th. They issued a "neutral" rating for the company.
Get Ocado Group alerts:Ocado Group Trading Down 3.8 %
Shares of OCDGF stock opened at $6.30 on Monday. Ocado Group has a 1 year low of $4.43 and a 1 year high of $11.96. The firm's 50 day moving average is $6.18 and its 200-day moving average is $7.21.
About Ocado Group
(Get Rating)
Ocado Group Plc engages in the operation of online grocery supermarket. It operates through the following segments: Retail, UK Solutions & Logistics, and International Solutions. The Retail segment provides online grocery and general merchandise offerings to customers within the UK. The UK Solutions & Logistics segment reflects contracts with the Ocado Retail joint venture and Morrisons, inclusive of both solutions contracts and service agreements with Ocado Logistics for the provision of third party logistics and other services.
Further Reading
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