BNP Paribas Reaffirms Neutral Rating for Ocado (OCDO)

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).

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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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About Ocado

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.

Analyst Recommendations for Ocado (LON:OCDO)

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