Ocado Group (OCDO) Upgraded by AlphaValue to Add

Ocado Group (LON:OCDO) was upgraded by research analysts at AlphaValue to an “add” rating in a report issued on Monday.

OCDO has been the topic of a number of other reports. Numis Securities downgraded shares of Ocado Group to an “add” rating and set a GBX 650 ($8.82) target price on the stock. in a research report on Tuesday, March 20th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 570 ($7.73) target price on shares of Ocado Group in a research report on Tuesday, March 20th. Deutsche Bank reaffirmed a “sell” rating and issued a GBX 200 ($2.71) target price on shares of Ocado Group in a research report on Wednesday, February 7th. Goldman Sachs reduced their target price on shares of Ocado Group from GBX 560 ($7.60) to GBX 540 ($7.33) and set a “conviction-buy” rating on the stock in a research report on Tuesday, February 13th. Finally, Citigroup reaffirmed a “buy” rating and issued a GBX 400 ($5.43) target price on shares of Ocado Group in a research report on Wednesday, February 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 455.57 ($6.18).

Shares of Ocado Group stock opened at GBX 807.80 ($10.96) on Monday. Ocado Group has a 12-month low of GBX 233.10 ($3.16) and a 12-month high of GBX 603.20 ($8.18).

In other news, insider Neill Abrams purchased 3,293 shares of the company’s stock in a transaction that occurred on Thursday, March 22nd. The shares were bought at an average price of GBX 566 ($7.68) per share, for a total transaction of £18,638.38 ($25,282.66). Also, insider Tim Steiner sold 4,500,000 shares of the company’s stock in a transaction dated 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). In the last quarter, insiders purchased 3,346 shares of company stock worth $1,893,905.

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.

Analyst Recommendations for Ocado Group (LON:OCDO)

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