Ocado (OCDO) Receives Buy Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Ocado (LON:OCDO) in a research note published on Wednesday morning. Peel Hunt currently has a GBX 570 ($8.06) price objective on the stock.

A number of other research firms have also recently issued reports on OCDO. Deutsche Bank reissued a sell rating on shares of Ocado in a research note on Friday, March 16th. Numis Securities cut shares of Ocado to an add rating and set a GBX 650 ($9.19) price target on the stock. in a research note on Tuesday, March 20th. Goldman Sachs cut shares of Ocado to a neutral rating and set a GBX 540 ($7.63) price target on the stock. in a research note on Wednesday, March 21st. Morgan Stanley lifted their price target on shares of Ocado from GBX 380 ($5.37) to GBX 545 ($7.70) and gave the company an overweight rating in a research note on Thursday, January 25th. Finally, BNP Paribas reissued a neutral rating on shares of Ocado in a research note on Thursday, April 5th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of GBX 418.43 ($5.91).

Shares of LON OCDO opened at GBX 517.80 ($7.32) on Wednesday. Ocado has a 12 month low of GBX 233.10 ($3.29) and a 12 month high of GBX 603.20 ($8.53).



In other Ocado news, insider Tim Steiner sold 4,500,000 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of GBX 540 ($7.63), for a total value of £24,300,000 ($34,346,289.75). Also, insider Neill Abrams acquired 3,293 shares of the firm’s stock in a transaction on Thursday, March 22nd. The stock was purchased at an average price of GBX 566 ($8.00) per share, for a total transaction of £18,638.38 ($26,344.00). Insiders acquired a total of 3,386 shares of company stock worth $1,909,017 in the last 90 days.

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Ocado Company Profile

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.

Analyst Recommendations for Ocado (LON:OCDO)

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