Ocado Group (LON:OCDO) shares were up 0% on Thursday . The stock traded as high as GBX 1,000 ($13.56) and last traded at GBX 797.20 ($10.81). Approximately 35,251,653 shares traded hands during mid-day trading, an increase of 1,095% from the average daily volume of 2,950,000 shares. The stock had previously closed at GBX 797.20 ($10.81).
Several research analysts have recently weighed in on OCDO shares. Peel Hunt reissued a “buy” rating and issued a GBX 570 ($7.73) price objective on shares of Ocado Group in a research report on Monday, February 26th. Goldman Sachs decreased their target price on Ocado Group from GBX 560 ($7.60) to GBX 540 ($7.33) and set a “conviction-buy” rating for the company in a research report on Tuesday, February 13th. Citigroup reaffirmed a “buy” rating and issued a GBX 585 ($7.94) target price on shares of Ocado Group in a research report on Friday, February 16th. Numis Securities reaffirmed a “buy” rating and issued a GBX 600 ($8.14) target price on shares of Ocado Group in a research report on Wednesday, February 7th. Finally, Credit Suisse Group boosted their target price on Ocado Group from GBX 480 ($6.51) to GBX 600 ($8.14) and gave the company an “outperform” rating in a research report on Monday, January 29th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of GBX 455.57 ($6.18).
In other Ocado Group news, insider Tim Steiner sold 4,500,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of GBX 540 ($7.33), for a total transaction of £24,300,000 ($32,962,561.04). Also, insider Neill Abrams acquired 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 ($7.68) per share, with a total value of £18,638.38 ($25,282.66). Insiders have acquired a total of 3,346 shares of company stock valued at $1,893,905 over the last three months.
Ocado Group Company Profile
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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