Numis Securities Ltd Reiterates “Buy” Rating for Ocado Group PLC (OCDO)
Ocado Group PLC (LON:OCDO)‘s stock had its “buy” rating reiterated by Numis Securities Ltd in a report released on Wednesday. They presently have a GBX 400 ($4.95) price target on the stock. Numis Securities Ltd’s target price points to a potential upside of 47.93% from the stock’s previous close.
A number of other equities research analysts have also issued reports on OCDO. Societe Generale dropped their target price on Ocado Group PLC from GBX 193 ($2.39) to GBX 189 ($2.34) and set a “sell” rating on the stock in a research report on Wednesday, September 14th. HSBC reissued a “reduce” rating and issued a GBX 190 ($2.35) target price on shares of Ocado Group PLC in a research report on Wednesday, August 10th. BNP Paribas lowered Ocado Group PLC to an “underperform” rating and set a GBX 215 ($2.66) price target on the stock. in a research report on Wednesday, September 14th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Ocado Group PLC in a research report on Thursday, August 11th. Finally, Barclays PLC lowered Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.73) price target on the stock. in a research report on Wednesday, September 21st. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. Ocado Group PLC currently has an average rating of “Hold” and a consensus target price of GBX 322.08 ($3.99).
Ocado Group PLC (LON:OCDO) opened at 269.60 on Wednesday. The firm’s market capitalization is GBX 1.60 billion. The company has a 50 day moving average price of GBX 265.98 and a 200-day moving average price of GBX 269.63. Ocado Group PLC has a 52 week low of GBX 203.00 and a 52 week high of GBX 391.00.
In other news, insider Douglas McCallum purchased 80,000 shares of Ocado Group PLC stock in a transaction that occurred on Friday, October 21st. The stock was acquired at an average cost of GBX 277 ($3.43) per share, for a total transaction of £221,600 ($274,495.23). Also, insider Andrew Harrison acquired 11,500 shares of the company’s stock in a transaction on Monday, September 26th. The stock was bought at an average cost of GBX 258 ($3.20) per share, with a total value of £29,670 ($36,752.14).
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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