Ocado Group PLC (OCDO) Stock Rating Reaffirmed by BNP Paribas
Ocado Group PLC (LON:OCDO)‘s stock had its “underperform” rating reiterated by investment analysts at BNP Paribas in a research report issued on Thursday. They currently have a GBX 215 ($2.81) price target on the stock. BNP Paribas’ target price suggests a potential downside of 15.55% from the company’s previous close.
Several other research analysts have also weighed in on the stock. Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 410 ($5.35) price objective on shares of Ocado Group PLC in a report on Monday. Goldman Sachs Group Inc. reiterated a “conviction-buy” rating and set a GBX 650 ($8.48) price objective on shares of Ocado Group PLC in a report on Monday, June 27th. Shore Capital upgraded shares of Ocado Group PLC to a “hold” rating in a report on Tuesday, August 9th. Morgan Stanley reiterated an “overweight” rating and set a GBX 420 ($5.48) price objective on shares of Ocado Group PLC in a report on Monday, July 4th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating and set a GBX 476 ($6.21) price objective on shares of Ocado Group PLC in a report on Wednesday, June 29th. Five analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 322.08 ($4.20).
Shares of Ocado Group PLC (LON:OCDO) opened at 256.10 on Thursday. Ocado Group PLC has a 12 month low of GBX 203.00 and a 12 month high of GBX 412.70. The stock’s 50 day moving average is GBX 289.20 and its 200 day moving average is GBX 279.29. The stock’s market cap is GBX 1.52 billion.
In other news, insider Andrew Harrison acquired 11,500 shares of the stock in a transaction on Monday, September 26th. The stock was bought at an average price of GBX 258 ($3.37) per share, with a total value of £29,670 ($38,728.63). Also, insider Tatton-Brown,Duncan acquired 100,000 shares of the stock in a transaction on Friday, July 1st. The stock was purchased at an average cost of GBX 227 ($2.96) per share, with a total value of £227,000 ($296,305.97).
About Ocado Group PLC
Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
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