Ocado Group PLC (OCDO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Ocado Group PLC (LON:OCDO) have been assigned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is GBX 394.50 ($5.45).

Several research firms have recently commented on OCDO. Deutsche Bank restated a “sell” rating on shares of Ocado Group in a research report on Friday. Barclays reaffirmed an “equal weight” rating and issued a GBX 265 ($3.66) price objective on shares of Ocado Group in a report on Friday, January 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Ocado Group in a report on Wednesday, February 7th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 520 ($7.18) price objective on shares of Ocado Group in a report on Thursday, February 1st. Finally, Goldman Sachs upped their price objective on shares of Ocado Group from GBX 445 ($6.15) to GBX 560 ($7.74) and gave the stock a “conviction-buy” rating in a report on Tuesday, January 23rd.

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Ocado Group (LON OCDO) traded down GBX 11.20 ($0.15) during trading on Friday, hitting GBX 585.80 ($8.09). 10,357,755 shares of the stock traded hands, compared to its average volume of 2,950,000. The company has a market capitalization of $3,890.00 and a price-to-earnings ratio of 23,750.00. Ocado Group has a fifty-two week low of GBX 233.10 ($3.22) and a fifty-two week high of GBX 603.20 ($8.33).

In other Ocado Group news, insider Tim Steiner sold 4,500,000 shares of the business’s stock in a transaction dated Monday, March 5th. The stock was sold at an average price of GBX 540 ($7.46), for a total transaction of £24,300,000 ($33,572,810.17). In the last 90 days, insiders have acquired 93 shares of company stock worth $45,179.

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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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