Ocado Group PLC (OCDO) Given Average Rating of “Hold” by Brokerages

Shares of Ocado Group PLC (LON:OCDO) have earned an average rating of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is GBX 300.08 ($3.99).

Several equities analysts recently commented on the company. Deutsche Bank AG reissued a “sell” rating and issued a GBX 200 ($2.66) target price on shares of Ocado Group PLC in a report on Thursday, October 5th. HSBC Holdings plc reissued a “reduce” rating and issued a GBX 180 ($2.39) target price on shares of Ocado Group PLC in a report on Friday, September 15th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 390 ($5.18) target price on shares of Ocado Group PLC in a report on Thursday, July 6th. Berenberg Bank assumed coverage on Ocado Group PLC in a report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.80) target price on the stock. Finally, Morgan Stanley reissued an “overweight” rating and issued a GBX 380 ($5.05) target price on shares of Ocado Group PLC in a report on Wednesday, October 4th.

Shares of Ocado Group PLC (LON:OCDO) traded up 0.20% during mid-day trading on Wednesday, reaching GBX 297.60. The company’s stock had a trading volume of 827,945 shares. The stock’s market cap is GBX 1.78 billion. Ocado Group PLC has a one year low of GBX 233.00 and a one year high of GBX 340.00. The stock has a 50 day moving average of GBX 298.35 and a 200-day moving average of GBX 286.74.

In other news, insider Emma Lloyd acquired 17,300 shares of Ocado Group PLC stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of GBX 285 ($3.79) per share, for a total transaction of £49,305 ($65,512.89). Also, insider Andrew Harrison acquired 6,666 shares of Ocado Group PLC stock in a transaction that occurred on Wednesday, October 11th. The stock was purchased at an average price of GBX 300 ($3.99) per share, with a total value of £19,998 ($26,571.88). In the last 90 days, insiders purchased 31,149 shares of company stock valued at $8,965,623.

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About Ocado Group PLC

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom.

Analyst Recommendations for Ocado Group PLC (LON:OCDO)

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