BNP Paribas reissued their neutral rating on shares of Ocado (LON:OCDO) in a research report sent to investors on Thursday morning.
Other analysts have also issued research reports about the stock. Numis Securities lowered shares of Ocado to an add rating and set a GBX 650 ($9.12) target price on the stock. in a research report on Tuesday, March 20th. Citigroup reiterated a buy rating and issued a GBX 400 ($5.61) target price on shares of Ocado in a research report on Tuesday, December 12th. Finally, Peel Hunt initiated coverage on shares of Ocado in a research report on Thursday, December 7th. They issued a buy rating and a GBX 460 ($6.46) target price on the stock. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of GBX 410.21 ($5.76).
Shares of LON OCDO opened at GBX 518.80 ($7.28) on Thursday. Ocado has a 52-week low of GBX 233.10 ($3.27) and a 52-week high of GBX 603.20 ($8.47).
In other news, insider Neill Abrams bought 3,293 shares of the firm’s stock in a transaction on Thursday, March 22nd. The shares were bought at an average cost of GBX 566 ($7.94) per share, for a total transaction of £18,638.38 ($26,162.80). Also, insider Tim Steiner sold 4,500,000 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of GBX 540 ($7.58), for a total transaction of £24,300,000 ($34,110,050.53). Insiders acquired a total of 3,386 shares of company stock worth $1,909,017 over the last quarter.
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Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.
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