Peel Hunt started coverage on shares of Ocado Group (LON:OCDO) in a research note published on Thursday. The brokerage issued a buy rating and a GBX 460 ($6.19) price target on the stock.

Several other research firms also recently weighed in on OCDO. Deutsche Bank reissued a sell rating on shares of Ocado Group in a research note on Monday, November 20th. reissued a reduce rating and issued a GBX 180 ($2.42) price target on shares of Ocado Group in a research note on Friday, September 15th. Morgan Stanley reissued an overweight rating and issued a GBX 380 ($5.11) price target on shares of Ocado Group in a research note on Wednesday, October 4th. Berenberg Bank assumed coverage on shares of Ocado Group in a research note on Tuesday, October 3rd. They issued a hold rating and a GBX 286 ($3.85) price target for the company. Finally, Numis Securities reissued a buy rating and issued a GBX 400 ($5.38) price target on shares of Ocado Group in a research note on Tuesday, September 19th. Five research analysts have rated the stock with a sell rating, three have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Ocado Group presently has a consensus rating of Hold and a consensus price target of GBX 316.53 ($4.26).

Ocado Group (OCDO) traded up GBX 2.81 ($0.04) during midday trading on Thursday, hitting GBX 355.90 ($4.79). 2,907,949 shares of the stock were exchanged, compared to its average volume of 3,500,000. Ocado Group has a 52 week low of GBX 233 ($3.14) and a 52 week high of GBX 373.10 ($5.02).

In related news, insider Duncan Tatton-Brown purchased 7,033 shares of Ocado Group stock in a transaction that occurred on Thursday, September 28th. The shares were bought at an average price of GBX 283 ($3.81) per share, for a total transaction of £19,903.39 ($26,787.87). Also, insider Andrew Harrison purchased 6,666 shares of Ocado Group stock in a transaction that occurred on Wednesday, October 11th. The shares were bought at an average price of GBX 300 ($4.04) per share, for a total transaction of £19,998 ($26,915.21). Over the last ninety days, insiders have bought 13,858 shares of company stock valued at $4,035,240.

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Ocado Group 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.

Analyst Recommendations for Ocado Group (LON:OCDO)

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