Barclays Reaffirms Equal weight Rating for Ocado Group (OCDO)

Ocado Group (LON:OCDO)‘s stock had its “equal weight” rating reiterated by Barclays in a research note issued on Friday. They currently have a GBX 265 ($3.59) price target on the stock. Barclays’ price target suggests a potential downside of 36.95% from the company’s current price.

Several other research analysts have also commented on OCDO. Deutsche Bank reaffirmed a “sell” rating and set a GBX 200 ($2.71) price objective on shares of Ocado Group in a research note on Thursday, October 5th. reaffirmed a “reduce” rating and set a GBX 180 ($2.44) price objective on shares of Ocado Group in a research note on Monday, September 25th. Peel Hunt reaffirmed a “buy” rating and set a GBX 460 ($6.24) price objective on shares of Ocado Group in a research note on Wednesday, January 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 380 ($5.15) price objective on shares of Ocado Group in a research note on Wednesday, October 4th. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 400 ($5.42) price objective on shares of Ocado Group in a research note on Wednesday, September 20th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 316.53 ($4.29).

Ocado Group (LON:OCDO) opened at GBX 420.30 ($5.70) on Friday. The company has a market cap of $2,650.00 and a price-to-earnings ratio of 21,015.00. Ocado Group has a one year low of GBX 233 ($3.16) and a one year high of GBX 444.70 ($6.03).

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About Ocado Group

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 (LON:OCDO)

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