Ocado Group PLC (LON:OCDO)‘s stock had its “sell” rating reaffirmed by research analysts at Deutsche Bank AG in a research note issued on Monday. They presently have a GBX 220 ($2.75) price objective on the stock. Deutsche Bank AG’s price objective would indicate a potential downside of 16.67% from the company’s previous close.

A number of other research firms have also weighed in on OCDO. Numis Securities Ltd reissued a “buy” rating and set a GBX 400 ($5.00) price objective on shares of Ocado Group PLC in a research note on Tuesday, September 13th. Barclays PLC reissued an “equal weight” rating and set a GBX 265 ($3.31) price objective on shares of Ocado Group PLC in a research note on Friday, September 9th. HSBC reaffirmed a “reduce” rating and issued a GBX 190 ($2.37) price target on shares of Ocado Group PLC in a research note on Wednesday, August 10th. Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and issued a GBX 615 ($7.68) price target on shares of Ocado Group PLC in a research note on Friday, August 19th. Finally, BNP Paribas lowered Ocado Group PLC to an “underperform” rating and set a GBX 215 ($2.69) price target for the company. in a research note on Wednesday, September 14th. Five investment 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. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 322.08 ($4.02).

Analyst Recommendations for Ocado Group PLC (LON:OCDO)

Ocado Group PLC (LON:OCDO) opened at 264.00 on Monday. The stock has a 50 day moving average of GBX 268.28 and a 200-day moving average of GBX 267.17. The firm’s market cap is GBX 1.56 billion. Ocado Group PLC has a 12 month low of GBX 203.00 and a 12 month high of GBX 391.00.

In other Ocado Group PLC news, insider Andrew Harrison acquired 11,500 shares of Ocado Group PLC stock in a transaction that occurred on Monday, September 26th. The stock was bought at an average cost of GBX 258 ($3.22) per share, for a total transaction of £29,670 ($37,068.97). Also, insider Alex Mahon acquired 6,256 shares of Ocado Group PLC stock in a transaction that occurred on Thursday, November 10th. The stock was acquired at an average price of GBX 272 ($3.40) per share, with a total value of £17,016.32 ($21,259.77).

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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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