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 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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