Ocado Group PLC (OCDO) Receives GBX 322.08 Average Target Price from Brokerages
Shares of Ocado Group PLC (LON:OCDO) have been given an average rating of “Hold” by the thirteen ratings firms that are covering the firm. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 322.08 ($4.02).
OCDO has been the topic of several analyst reports. Numis Securities Ltd reiterated a “buy” rating and issued a GBX 400 ($5.00) price objective on shares of Ocado Group PLC in a research note on Tuesday, September 13th. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a GBX 450 ($5.62) price objective on shares of Ocado Group PLC in a research note on Friday, October 28th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 265 ($3.31) price objective on shares of Ocado Group PLC in a research note on Thursday, September 15th. Shore Capital upgraded Ocado Group PLC to a “hold” rating in a research note on Tuesday, August 9th. Finally, Deutsche Bank AG reiterated a “hold” rating on shares of Ocado Group PLC in a research note on Thursday, August 11th.
In related news, insider Alex Mahon purchased 6,256 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average price of GBX 272 ($3.40) per share, with a total value of £17,016.32 ($21,259.77). Also, insider Douglas McCallum purchased 80,000 shares of the stock in a transaction that occurred on Friday, October 21st. The shares were bought at an average cost of GBX 277 ($3.46) per share, for a total transaction of £221,600 ($276,861.57).
Shares of Ocado Group PLC (LON:OCDO) opened at 267.299988 on Friday. The firm’s 50-day moving average price is GBX 268.41 and its 200 day moving average price is GBX 267.70. Ocado Group PLC has a 1-year low of GBX 203.00 and a 1-year high of GBX 391.00. The stock’s market cap is GBX 1.58 billion.
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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