Ocado Group plc (OTCMKTS:OCDGF) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ocado Group plc (OTCMKTS:OCDGFGet Rating) have received an average recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1,360.00.

A number of brokerages have issued reports on OCDGF. Royal Bank of Canada reaffirmed a “hold” rating and issued a $1,700.00 target price on shares of Ocado Group in a report on Monday, May 16th. Credit Suisse Group cut shares of Ocado Group from an “outperform” rating to a “neutral” rating in a report on Monday, June 27th. Barclays reissued a “sell” rating and set a $1,500.00 price objective on shares of Ocado Group in a research note on Friday, July 22nd. HSBC raised shares of Ocado Group from a “reduce” rating to a “hold” rating in a research note on Thursday, May 5th. Finally, UBS Group dropped their price objective on shares of Ocado Group from GBX 2,100 ($25.73) to GBX 950 ($11.64) and set a “neutral” rating for the company in a research note on Friday, July 15th.

Ocado Group Price Performance

OTCMKTS OCDGF opened at $11.63 on Friday. Ocado Group has a 52-week low of $8.50 and a 52-week high of $28.85. The firm has a 50-day moving average price of $10.33 and a 200 day moving average price of $13.44.

Ocado Group Company Profile

(Get Rating)

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

Further Reading

Analyst Recommendations for Ocado Group (OTCMKTS:OCDGF)

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