Ocado Group PLC (OCDO) PT Lowered to GBX 200 at Deutsche Bank AG
Ocado Group PLC (LON:OCDO) had its target price trimmed by Deutsche Bank AG from GBX 220 ($2.97) to GBX 200 ($2.70) in a research note published on Wednesday morning. The firm currently has a sell rating on the stock.
A number of other brokerages have also recently commented on OCDO. Numis Securities Ltd restated a buy rating and set a GBX 400 ($5.39) target price on shares of Ocado Group PLC in a report on Monday, June 5th. Goldman Sachs Group, Inc. (The) restated a conviction-buy rating and set a GBX 440 ($5.93) target price on shares of Ocado Group PLC in a report on Monday, June 5th. Shore Capital restated an under review rating on shares of Ocado Group PLC in a report on Tuesday, June 6th. Jefferies Group LLC restated a hold rating and set a GBX 250 ($3.37) target price on shares of Ocado Group PLC in a report on Wednesday, June 7th. Finally, J P Morgan Chase & Co restated an overweight rating and set a GBX 390 ($5.26) target price on shares of Ocado Group PLC in a report on Wednesday, June 7th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 310.45 ($4.19).
Ocado Group PLC (LON:OCDO) opened at 282.20 on Wednesday. The firm’s market cap is GBX 1.69 billion. The firm’s 50-day moving average is GBX 298.60 and its 200 day moving average is GBX 280.27. Ocado Group PLC has a 12-month low of GBX 233.00 and a 12-month high of GBX 340.00.
In related news, insider Emma Lloyd purchased 17,300 shares of the stock in a transaction dated Friday, August 25th. The stock was purchased at an average price of GBX 285 ($3.84) per share, with a total value of £49,305 ($66,475.66). In the last ninety days, insiders bought 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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