Ocado Group PLC (OCDO) Given “Sell” Rating at Deutsche Bank AG
Deutsche Bank AG reaffirmed their sell rating on shares of Ocado Group PLC (LON:OCDO) in a research note released on Thursday morning. The brokerage currently has a GBX 200 ($2.65) price target on the stock.
Other equities research analysts have also recently issued reports about the company. Goldman Sachs Group, Inc. (The) lowered their target price on Ocado Group PLC from GBX 440 ($5.84) to GBX 430 ($5.70) and set a conviction-buy rating for the company in a research note on Friday, September 22nd. Shore Capital reissued an under review rating on shares of Ocado Group PLC in a research note on Wednesday, July 5th. Numis Securities Ltd reissued a buy rating and issued a GBX 400 ($5.31) target price on shares of Ocado Group PLC in a research note on Tuesday, June 13th. HSBC Holdings plc reissued a reduce rating and issued a GBX 180 ($2.39) target price on shares of Ocado Group PLC in a research note on Wednesday, June 28th. Finally, Citigroup Inc. reissued a buy rating and issued a GBX 400 ($5.31) target price on shares of Ocado Group PLC in a research note on Wednesday, September 20th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of GBX 313.92 ($4.16).
Ocado Group PLC (LON:OCDO) opened at 296.80 on Thursday. The company’s market cap is GBX 1.78 billion. The stock has a 50 day moving average price of GBX 295.49 and a 200 day moving average price of GBX 282.99. Ocado Group PLC has a 1-year low of GBX 233.00 and a 1-year high of GBX 340.00.
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In related news, insider Emma Lloyd acquired 17,300 shares of the firm’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average cost of GBX 285 ($3.78) per share, with a total value of £49,305 ($65,399.92). Also, insider Duncan Tatton-Brown acquired 7,033 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average cost of GBX 283 ($3.75) per share, with a total value of £19,903.39 ($26,400.57). Over the last ninety days, insiders have purchased 24,488 shares of company stock valued at $6,965,802.
Ocado Group PLC Company Profile
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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