Insider Buying: Ocado Group (LON:OCDO) Insider Acquires £148.23 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith bought 61 shares of Ocado Group stock in a transaction that occurred on Monday, August 17th. The stock was bought at an average cost of GBX 243 per share, for a total transaction of £148.23.

Stephen Daintith also recently made the following trade(s):

• On Wednesday, July 15th, Stephen Daintith purchased 87 shares of Ocado Group stock. The shares were bought at an average cost of GBX 172 per share, with a total value of £149.64.
• On Friday, June 12th, Stephen Daintith purchased 76 shares of Ocado Group stock. The stock was bought at an average cost of GBX 198 per share, with a total value of £150.48.

Ocado Group Stock Down 3.0%

Shares of LON:OCDO opened at GBX 242.48 on Wednesday. The company has a quick ratio of 2.81, a current ratio of 1.41 and a debt-to-equity ratio of 110.64. Ocado Group plc has a 52-week low of GBX 140.30 and a 52-week high of GBX 362.90. The stock’s fifty day simple moving average is GBX 194.87 and its 200-day simple moving average is GBX 200.68. The company has a market capitalization of £2.02 billion, a P/E ratio of -8.00 and a beta of 2.40.

Ocado Group (LON:OCDO) last posted its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) EPS for the quarter. Ocado Group had a negative net margin of 14.29% and a negative return on equity of 15.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 310 price objective on shares of Ocado Group in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Ocado Group has a consensus rating of “Buy” and a consensus target price of GBX 300.

Ocado Group Company Profile

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.