Ocado (OCDO) Given Sell Rating at Deutsche Bank

Ocado (LON:OCDO)‘s stock had its “sell” rating reaffirmed by Deutsche Bank in a research report issued to clients and investors on Friday, March 16th.

Several other research firms have also weighed in on OCDO. Morgan Stanley reissued an “overweight” rating and issued a GBX 380 ($5.33) target price on shares of Ocado in a research note on Wednesday, November 29th. Peel Hunt reissued a “buy” rating and issued a GBX 460 ($6.46) target price on shares of Ocado in a research note on Thursday, December 14th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 480 ($6.74) price target on shares of Ocado in a research report on Monday, November 27th. JPMorgan Chase reaffirmed an “overweight” rating on shares of Ocado in a research report on Wednesday, February 7th. Finally, Goldman Sachs dropped their price target on Ocado from GBX 560 ($7.86) to GBX 540 ($7.58) and set a “conviction-buy” rating on the stock in a research report on Tuesday, February 13th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of GBX 410.21 ($5.76).

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LON:OCDO traded down GBX 5.20 ($0.07) during trading hours on Friday, reaching GBX 518.80 ($7.28). The company had a trading volume of 2,004,636 shares, compared to its average volume of 2,950,000. Ocado has a one year low of GBX 233.10 ($3.27) and a one year high of GBX 603.20 ($8.47).

In other Ocado news, insider Neill Abrams purchased 3,293 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were bought at an average price 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 Ocado stock in a transaction on Monday, March 5th. The shares were sold at an average price of GBX 540 ($7.58), for a total value of £24,300,000 ($34,110,050.53). Insiders acquired a total of 3,386 shares of company stock valued at $1,909,017 over the last ninety days.

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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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