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Analysts’ Opinions Are Mixed on These Consumer Goods Stocks: Beyond Meat (BYND) and Ocado Group (OtherOCDGF)

Analysts have been eager to weigh in on the Consumer Goods sector with new ratings on Beyond Meat (BYNDResearch Report) and Ocado Group (OCDGFResearch Report).

Beyond Meat (BYND)

In a report released yesterday, Peter Saleh from BTIG maintained a Hold rating on Beyond Meat. The company’s shares closed last Wednesday at $9.83.

According to TipRanks.com, Saleh is a 5-star analyst with an average return of 12.2% and a 62.3% success rate. Saleh covers the NA sector, focusing on stocks such as Papa John’s International, The Chefs’ Warehouse, and Texas Roadhouse.

Currently, the analyst consensus on Beyond Meat is a Moderate Sell with an average price target of $6.83, which is a -39.6% downside from current levels. In a report issued on February 27, Canaccord Genuity also maintained a Hold rating on the stock with a $9.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

Ocado Group (OCDGF)

Morgan Stanley analyst Luke Holbrook maintained a Sell rating on Ocado Group today and set a price target of p390.00. The company’s shares closed last Wednesday at $6.14.

Holbrook has an average return of 5.9% when recommending Ocado Group.

According to TipRanks.com, Holbrook is ranked #4409 out of 8750 analysts.

Currently, the analyst consensus on Ocado Group is a Moderate Sell with an average price target of $8.33, implying a 32.3% upside from current levels. In a report issued on February 27, Barclays also maintained a Sell rating on the stock with a £4.30 price target.

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