Ocado Group (LON:OCDO) PT Raised to GBX 560

Ocado Group (LON:OCDO) had its target price raised by Goldman Sachs Group from GBX 445 ($6.15) to GBX 560 ($7.74) in a research note released on Tuesday, January 23rd. They currently have a conviction-buy rating on the stock.

OCDO has been the topic of a number of other research reports. Morgan Stanley reissued an overweight rating and set a GBX 380 ($5.25) price objective on shares of Ocado Group in a report on Wednesday, November 29th. Peel Hunt restated a buy rating and set a GBX 460 ($6.36) target price on shares of Ocado Group in a research report on Thursday, December 14th. Deutsche Bank restated a sell rating on shares of Ocado Group in a research report on Tuesday, December 19th. Credit Suisse Group restated an outperform rating and set a GBX 480 ($6.63) target price on shares of Ocado Group in a research report on Monday, November 27th. Finally, Berenberg Bank initiated coverage on shares of Ocado Group in a research report on Tuesday, October 3rd. They issued a hold rating and a GBX 286 ($3.95) price target on the stock. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Ocado Group has a consensus rating of Hold and a consensus price target of GBX 370.50 ($5.12).

Shares of Ocado Group (LON:OCDO) traded down GBX 0.70 ($0.01) during trading on Tuesday, reaching GBX 473.30 ($6.54). 1,470,000 shares of the company’s stock traded hands, compared to its average volume of 3,370,000. Ocado Group has a 12-month low of GBX 233.10 ($3.22) and a 12-month high of GBX 551.40 ($7.62). The company has a market cap of $3,140.00 and a price-to-earnings ratio of 23,750.00.

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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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