Deutsche Bank Reaffirms “Sell” Rating for Ocado Group (OCDO)
Other research analysts have also recently issued research reports about the company. Citigroup reaffirmed a buy rating and issued a GBX 400 ($5.38) price target on shares of Ocado Group in a report on Wednesday, September 20th. Numis Securities reaffirmed a buy rating and issued a GBX 400 ($5.38) price target on shares of Ocado Group in a report on Tuesday, September 19th. Peel Hunt started coverage on Ocado Group in a report on Thursday, December 7th. They issued a buy rating and a GBX 460 ($6.19) price target on the stock. Goldman Sachs Group dropped their price target on Ocado Group from GBX 440 ($5.92) to GBX 430 ($5.79) and set a conviction-buy rating on the stock in a report on Friday, September 22nd. Finally, Berenberg Bank started coverage on Ocado Group in a report on Tuesday, October 3rd. They issued a hold rating and a GBX 286 ($3.85) price target on the stock. Five investment analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of GBX 316.53 ($4.26).
Shares of Ocado Group (OCDO) opened at GBX 337 ($4.54) on Wednesday. Ocado Group has a twelve month low of GBX 233 ($3.14) and a twelve month high of GBX 373.10 ($5.02).
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About Ocado Group
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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