Ocado Group (LON:OCDO) Insider Purchases £150.28 in Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner purchased 68 shares of the firm’s stock in a transaction on Monday, November 17th. The shares were purchased at an average cost of GBX 221 per share, for a total transaction of £150.28.

Tim Steiner also recently made the following trade(s):

• On Wednesday, October 15th, Tim Steiner purchased 65 shares of Ocado Group stock. The shares were purchased at an average price of GBX 233 per share, with a total value of £151.45.
• On Monday, September 15th, Tim Steiner acquired 62 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 243 per share, for a total transaction of £150.66.

Ocado Group Stock Up 2.0%

Shares of LON OCDO opened at GBX 187.60 on Friday. The firm has a market cap of £1.55 billion, a P/E ratio of 3.99 and a beta of 1.85. The company has a debt-to-equity ratio of 144.16, a quick ratio of 2.82 and a current ratio of 2.35. Ocado Group plc has a 1 year low of GBX 165.85 and a 1 year high of GBX 397.90. The firm’s 50 day moving average price is GBX 225.56 and its 200 day moving average price is GBX 266.89.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on Ocado Group from GBX 400 to GBX 437 and gave the stock an “overweight” rating in a report on Friday, August 1st. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of GBX 437.

About Ocado Group

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.