Ocado Group (LON:OCDO) Earns Buy Rating from Numis Securities

Numis Securities reissued their buy rating on shares of Ocado Group (LON:OCDO) in a research report report published on Wednesday, February 7th. The brokerage currently has a GBX 600 ($8.29) price objective on the stock.

Several other equities research analysts have also recently issued reports on the company. Deutsche Bank reissued a sell rating and set a GBX 200 ($2.76) target price on shares of Ocado Group in a research note on Wednesday, February 7th. Citigroup restated a buy rating and set a GBX 400 ($5.53) price target on shares of Ocado Group in a research report on Wednesday, February 7th. Peel Hunt restated a buy rating and set a GBX 460 ($6.36) price target on shares of Ocado Group in a research report on Wednesday, January 3rd. Barclays reiterated an equal weight rating and issued a GBX 265 ($3.66) target price on shares of Ocado Group in a report on Friday, January 12th. Finally, Goldman Sachs Group reiterated a conviction-buy rating and issued a GBX 430 ($5.94) target price on shares of Ocado Group in a report on Friday, November 24th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Ocado Group has an average rating of Hold and a consensus price target of GBX 382.06 ($5.28).

Shares of Ocado Group (OCDO) opened at GBX 487.30 ($6.73) on Wednesday. Ocado Group has a fifty-two week low of GBX 233.10 ($3.22) and a fifty-two week high of GBX 551.40 ($7.62). The company has a market capitalization of $3,220.00 and a P/E ratio of 23,750.00.

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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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