Ocado Group PLC (OCDO) Rating Reiterated by BNP Paribas
Ocado Group PLC (LON:OCDO)‘s stock had its “underperform” rating reiterated by BNP Paribas in a research note issued on Monday. They currently have a GBX 215 ($2.62) price objective on the stock. BNP Paribas’ price target would suggest a potential downside of 19.63% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. Credit Suisse Group AG restated an “outperform” rating and set a GBX 410 ($5.00) price objective on shares of Ocado Group PLC in a research report on Monday, September 26th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 650 ($7.92) price objective on shares of Ocado Group PLC in a research report on Monday, June 27th. Shore Capital upgraded shares of Ocado Group PLC to a “hold” rating in a research report on Tuesday, August 9th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 420 ($5.12) price target on shares of Ocado Group PLC in a research note on Monday, July 4th. Finally, Deutsche Bank AG cut shares of Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.68) price target on the stock. in a research note on Wednesday, September 21st. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ocado Group PLC currently has an average rating of “Hold” and an average price target of GBX 322.08 ($3.93).
Ocado Group PLC (LON:OCDO) opened at 261.60 on Monday. The stock’s market capitalization is GBX 1.55 billion. Ocado Group PLC has a 1-year low of GBX 203.00 and a 1-year high of GBX 412.70. The stock has a 50 day moving average of GBX 277.08 and a 200 day moving average of GBX 276.18.
In other news, insider Andrew Harrison purchased 11,500 shares of the firm’s stock in a transaction on Monday, September 26th. The shares were bought at an average cost of GBX 258 ($3.14) per share, with a total value of £29,670 ($36,160.88).
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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