Ocado Group (LON:OCDO) Stock Rating Reaffirmed by Peel Hunt

Peel Hunt reiterated their buy rating on shares of Ocado Group (LON:OCDO) in a research report sent to investors on Thursday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages also recently commented on OCDO. Jefferies Financial Group boosted their target price on Ocado Group from GBX 460 ($6.01) to GBX 600 ($7.84) and gave the company a hold rating in a research note on Monday, June 3rd. Royal Bank of Canada boosted their target price on Ocado Group from GBX 750 ($9.80) to GBX 1,000 ($13.07) and gave the company a sector performer rating in a research note on Monday, March 11th. Numis Securities restated a buy rating on shares of Ocado Group in a research note on Monday. BNP Paribas restated an underperform rating and issued a GBX 700 ($9.15) target price on shares of Ocado Group in a research note on Wednesday, March 6th. Finally, Bank of America boosted their target price on Ocado Group from GBX 1,020 ($13.33) to GBX 1,630 ($21.30) and gave the company a buy rating in a research note on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company. Ocado Group presently has an average rating of Hold and an average price target of GBX 1,116.67 ($14.59).

Shares of LON OCDO opened at GBX 1,164 ($15.21) on Thursday. The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 64.79. Ocado Group has a one year low of GBX 730.60 ($9.55) and a one year high of GBX 1,440.50 ($18.82). The stock has a market capitalization of $8.09 billion and a price-to-earnings ratio of -168.70.

In other news, insider Stuart Rose sold 150,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of GBX 1,199 ($15.67), for a total transaction of £1,798,500 ($2,350,058.80). Also, insider Mark Richardson sold 46,932 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of GBX 1,287 ($16.82), for a total value of £604,014.84 ($789,252.37).

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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