Analysts Set Ocado Group PLC (OCDO) Target Price at $867.86

Ocado Group PLC (LON:OCDO) has been given a consensus recommendation of “Hold” by the seventeen research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 867.86 ($11.34).

A number of research firms recently issued reports on OCDO. Numis Securities reaffirmed a “buy” rating on shares of Ocado Group in a report on Tuesday, September 18th. Peel Hunt reaffirmed a “buy” rating on shares of Ocado Group in a report on Wednesday, January 9th. Bank of America reaffirmed a “buy” rating and set a GBX 1,020 ($13.33) target price on shares of Ocado Group in a report on Tuesday, October 16th. Barclays reaffirmed an “equal weight” rating on shares of Ocado Group in a report on Wednesday, October 10th. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 750 ($9.80) target price on shares of Ocado Group in a report on Monday, October 1st.

Shares of OCDO opened at GBX 871.80 ($11.39) on Friday. Ocado Group has a one year low of GBX 233.10 ($3.05) and a one year high of GBX 603.20 ($7.88).



Ocado Group 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.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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