Insider Buying: Ocado Group (LON:OCDO) Insider Purchases £150.96 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith acquired 74 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was purchased at an average cost of GBX 204 per share, with a total value of £150.96.

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

• On Monday, August 17th, Stephen Daintith bought 61 shares of Ocado Group stock. The shares were purchased at an average cost of GBX 243 per share, for a total transaction of £148.23.
• On Wednesday, July 15th, Stephen Daintith bought 87 shares of Ocado Group stock. The stock was purchased at an average price of GBX 172 per share, with a total value of £149.64.

Ocado Group Price Performance

Shares of LON OCDO opened at GBX 233.91 on Friday. Ocado Group plc has a twelve month low of GBX 140.30 and a twelve month high of GBX 299.30. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. The company has a market capitalization of £1.95 billion, a price-to-earnings ratio of -7.72 and a beta of 2.41. The business has a 50 day simple moving average of GBX 213.97 and a 200-day simple moving average of GBX 200.92.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on OCDO. JPMorgan Chase & Co. boosted their price objective on shares of Ocado Group from GBX 245 to GBX 290 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 310 target price on shares of Ocado Group in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently 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.