Ocado Group PLC (OCDO) Rating Reiterated by Deutsche Bank AG
Ocado Group PLC (LON:OCDO)‘s stock had its “sell” rating reiterated by research analysts at Deutsche Bank AG in a research report issued on Monday.
A number of other equities analysts have also commented on OCDO. reiterated a “reduce” rating and issued a GBX 180 ($2.37) price objective on shares of Ocado Group PLC in a report on Monday, September 25th. Morgan Stanley reiterated an “overweight” rating and issued a GBX 380 ($5.00) price objective on shares of Ocado Group PLC in a report on Wednesday, October 4th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 400 ($5.26) price objective on shares of Ocado Group PLC in a report on Wednesday, September 20th. Berenberg Bank assumed coverage on shares of Ocado Group PLC in a report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.76) price objective on the stock. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 400 ($5.26) price objective on shares of Ocado Group PLC in a report on Tuesday, September 19th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Ocado Group PLC currently has a consensus rating of “Hold” and an average price target of GBX 313.92 ($4.13).
Ocado Group PLC (OCDO) opened at GBX 241.10 ($3.17) on Monday. Ocado Group PLC has a 1-year low of GBX 233 ($3.06) and a 1-year high of GBX 340 ($4.47).
In other Ocado Group PLC news, insider Andrew Harrison acquired 6,666 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were purchased at an average price of GBX 300 ($3.95) per share, for a total transaction of £19,998 ($26,302.78). Also, insider Emma Lloyd acquired 17,300 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The shares were acquired at an average price of GBX 285 ($3.75) per share, for a total transaction of £49,305 ($64,849.40). In the last quarter, insiders have purchased 31,158 shares of company stock worth $8,965,740.
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.
Receive News & Stock Ratings for Ocado Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group PLC and related stocks with our FREE daily email newsletter.