Ocado Group PLC (OCDO) Stock Rating Reaffirmed by HSBC Holdings plc
HSBC Holdings plc reissued their reduce rating on shares of Ocado Group PLC (LON:OCDO) in a research report released on Friday morning. HSBC Holdings plc currently has a GBX 180 ($2.43) target price on the stock.
Several other research analysts also recently weighed in on the company. Deutsche Bank AG reaffirmed a sell rating and set a GBX 220 ($2.97) target price on shares of Ocado Group PLC in a research note on Thursday, September 14th. Citigroup Inc. began coverage on Ocado Group PLC in a research note on Wednesday, August 30th. They set a buy rating and a GBX 400 ($5.39) target price for the company. Goldman Sachs Group, Inc. (The) reaffirmed a conviction-buy rating and set a GBX 440 ($5.93) target price on shares of Ocado Group PLC in a research note on Thursday, August 24th. Shore Capital reaffirmed an under review rating on shares of Ocado Group PLC in a research note on Tuesday, August 22nd. Finally, Credit Suisse Group reaffirmed an outperform rating on shares of Ocado Group PLC in a research note on Friday, July 21st. Four analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Ocado Group PLC currently has a consensus rating of Hold and an average target price of GBX 313.18 ($4.22).
Shares of Ocado Group PLC (LON OCDO) opened at 302.00 on Friday. The stock’s 50 day moving average is GBX 298.66 and its 200 day moving average is GBX 279.97. The company’s market cap is GBX 1.81 billion. Ocado Group PLC has a 52-week low of GBX 233.00 and a 52-week high of GBX 340.00.
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In other news, insider Emma Lloyd acquired 17,300 shares of Ocado Group PLC stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of GBX 285 ($3.84) per share, with a total value of £49,305 ($66,475.66). Over the last three months, insiders purchased 17,455 shares of company stock valued at $4,975,463.
About Ocado Group PLC
Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are 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, derived from the United Kingdom.
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