Alex Mahon Acquires 6,256 Shares of Ocado Group PLC (OCDO) Stock
Ocado Group PLC (LON:OCDO) insider Alex Mahon purchased 6,256 shares of the firm’s stock in a transaction on Thursday, November 10th. The shares were acquired at an average cost of GBX 272 ($3.40) per share, for a total transaction of £17,016.32 ($21,259.77).
Ocado Group PLC (LON:OCDO) opened at 272.80 on Tuesday. The company has a 50-day moving average of GBX 267.08 and a 200-day moving average of GBX 268.62. The company’s market cap is GBX 1.61 billion. Ocado Group PLC has a 52 week low of GBX 203.00 and a 52 week high of GBX 391.00.
OCDO has been the topic of several analyst reports. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 615 ($7.68) target price on shares of Ocado Group PLC in a research note on Friday, August 19th. BNP Paribas reaffirmed an “underperform” rating and issued a GBX 215 ($2.69) target price on shares of Ocado Group PLC in a research note on Monday, October 17th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 400 ($5.00) target price on shares of Ocado Group PLC in a research note on Wednesday, November 9th. Deutsche Bank AG downgraded shares of Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.75) target price on the stock. in a research note on Wednesday, September 21st. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 410 ($5.12) target price on shares of Ocado Group PLC in a research note on Monday, September 26th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 322.08 ($4.02).
Ocado Group PLC Company Profile
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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