Ocado Group (OCDO) Rating Reiterated by Peel Hunt
Ocado Group (LON:OCDO)‘s stock had its “buy” rating reissued by Peel Hunt in a research note issued on Wednesday.
Several other analysts have also recently weighed in on the stock. Barclays reissued an “equal weight” rating on shares of Ocado Group in a research note on Wednesday, October 10th. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,250 ($16.33) price objective on shares of Ocado Group in a research report on Tuesday, October 30th. Bank of America reaffirmed a “buy” rating and issued a GBX 1,020 ($13.33) price objective on shares of Ocado Group in a research report on Tuesday, October 16th. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 750 ($9.80) price objective on shares of Ocado Group in a research report on Monday, October 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. Ocado Group has a consensus rating of “Hold” and a consensus target price of GBX 689.58 ($9.01).
OCDO stock opened at GBX 867.20 ($11.33) on Wednesday. Ocado Group has a one year low of GBX 233.10 ($3.05) and a one year high of GBX 603.20 ($7.88).
Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.
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