Deutsche Bank Reiterates Sell Rating for Ocado Group (OCDO)

Deutsche Bank reissued their sell rating on shares of Ocado Group (LON:OCDO) in a report released on Monday, January 8th. The brokerage currently has a GBX 200 ($2.81) price objective on the stock.

OCDO has been the topic of a number of other reports. restated a reduce rating and issued a GBX 180 ($2.53) target price on shares of Ocado Group in a report on Friday, September 15th. Citigroup restated a buy rating and issued a GBX 400 ($5.62) target price on shares of Ocado Group in a report on Tuesday, December 12th. Morgan Stanley restated an overweight rating and issued a GBX 380 ($5.34) target price on shares of Ocado Group in a report on Wednesday, October 4th. Berenberg Bank began coverage on shares of Ocado Group in a report on Tuesday, October 3rd. They issued a hold rating and a GBX 286 ($4.02) target price on the stock. Finally, Peel Hunt began coverage on shares of Ocado Group in a report on Thursday, December 7th. They issued a buy rating and a GBX 460 ($6.46) price target on the stock. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average target price of GBX 371.75 ($5.22).

Shares of Ocado Group (LON OCDO) traded up GBX 0.40 ($0.01) during trading on Monday, hitting GBX 519 ($7.29). 2,875,656 shares of the stock were exchanged, compared to its average volume of 2,780,000. The stock has a market capitalization of $3,310.00 and a P/E ratio of 25,950.00. Ocado Group has a 52-week low of GBX 233 ($3.27) and a 52-week high of GBX 551.40 ($7.74).

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Ocado Group Company Profile

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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