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

Shares of Ocado Group PLC (LON:OCDO) have received a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a sell recommendation, four have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is GBX 381.53 ($5.27).

OCDO has been the topic of several recent analyst reports. Peel Hunt reaffirmed a “buy” rating and issued a GBX 570 ($7.88) price target on shares of Ocado Group in a research note on Tuesday. Citigroup reaffirmed a “buy” rating and set a GBX 585 ($8.08) target price on shares of Ocado Group in a report on Friday. Royal Bank of Canada cut their target price on shares of Ocado Group from GBX 525 ($7.25) to GBX 475 ($6.56) and set a “sector performer” rating for the company in a report on Wednesday, February 14th. Goldman Sachs Group cut their target price on shares of Ocado Group from GBX 560 ($7.74) to GBX 540 ($7.46) and set a “conviction-buy” rating for the company in a report on Tuesday, February 13th. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 600 ($8.29) target price on shares of Ocado Group in a report on Wednesday, February 7th.

Ocado Group (LON OCDO) traded up GBX 19.80 ($0.27) during trading on Tuesday, hitting GBX 507.80 ($7.02). 1,754,113 shares of the stock traded hands, compared to its average volume of 3,090,000. The company has a market cap of $3,350.00 and a price-to-earnings ratio of 23,750.00. Ocado Group has a 12-month low of GBX 233.10 ($3.22) and a 12-month high of GBX 551.40 ($7.62).

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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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