Ocado Group PLC (OCDO) Rating Reiterated by Goldman Sachs Group Inc.
Ocado Group PLC (LON:OCDO)‘s stock had its “conviction-buy” rating reissued by equities researchers at Goldman Sachs Group Inc. in a research note issued on Monday.
Several other analysts have also recently weighed in on the stock. Credit Suisse Group AG reiterated an “outperform” rating and issued a GBX 410 ($5.09) price objective on shares of Ocado Group PLC in a research note on Monday, September 26th. BNP Paribas reiterated an “underperform” rating and issued a GBX 215 ($2.67) price objective on shares of Ocado Group PLC in a research note on Monday, October 17th. Shore Capital upgraded shares of Ocado Group PLC to a “hold” rating in a research note on Tuesday, August 9th. Deutsche Bank AG cut shares of Ocado Group PLC to a “sell” rating and set a GBX 220 ($2.73) price objective for the company. in a research note on Wednesday, September 21st. Finally, HSBC reiterated a “reduce” rating and issued a GBX 190 ($2.36) price objective on shares of Ocado Group PLC in a research note on Wednesday, September 14th. Five investment 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 stock. Ocado Group PLC currently has an average rating of “Hold” and an average target price of GBX 322.08 ($4.00).
Ocado Group PLC (LON:OCDO) opened at 274.90 on Monday. The company has a 50-day moving average of GBX 269.31 and a 200 day moving average of GBX 266.83. Ocado Group PLC has a one year low of GBX 203.00 and a one year high of GBX 391.00. The firm’s market capitalization is GBX 1.63 billion.
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In related news, insider Douglas McCallum purchased 80,000 shares of the firm’s stock in a transaction that occurred on Friday, October 21st. The shares were bought at an average cost of GBX 277 ($3.44) per share, with a total value of £221,600 ($274,903.86). Also, insider Andrew Harrison purchased 11,500 shares of the firm’s stock in a transaction that occurred on Monday, September 26th. The shares were bought at an average cost of GBX 258 ($3.20) per share, for a total transaction of £29,670 ($36,806.85).
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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