Ocado Group (LON:OCDO) Given Buy Rating at Citigroup

Citigroup reiterated their buy rating on shares of Ocado Group (LON:OCDO) in a research note issued to investors on Wednesday morning, Digital Look reports.

A number of other analysts have also weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of LYFT from $82.00 to $86.00 in a research note on Wednesday, May 8th. Bank of America lowered their price objective on shares of 3D Systems from $10.00 to $9.00 and set an underperform rating for the company in a research note on Wednesday, May 8th. Royal Bank of Canada reaffirmed a sector perform rating and issued a GBX 485 ($6.34) price objective on shares of in a research note on Tuesday. Jefferies Financial Group reaffirmed a buy rating and issued a GBX 3,000 ($39.20) price objective on shares of in a research note on Monday, June 3rd. Finally, Peel Hunt raised shares of MJ Gleeson to a hold rating and upped their price objective for the stock from GBX 715 ($9.34) to GBX 745 ($9.73) in a research note on Thursday, July 4th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of GBX 1,150 ($15.03).

Shares of OCDO traded down GBX 75 ($0.98) during trading hours on Wednesday, reaching GBX 1,140 ($14.90). 3,232,617 shares of the company traded hands, compared to its average volume of 2,950,000. The stock has a market capitalization of $8.06 billion and a price-to-earnings ratio of -165.22. Ocado Group has a 12-month low of GBX 730.60 ($9.55) and a 12-month high of GBX 1,440.50 ($18.82). The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 64.79. The stock has a fifty day moving average of GBX 1,170.20.

In related news, insider Stuart Rose sold 150,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of GBX 1,199 ($15.67), for a total value of £1,798,500 ($2,350,058.80).

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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