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).
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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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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