Ocado Group PLC (OCDO) Receives GBX 1,014.29 Average PT from Brokerages

Shares of Ocado Group PLC (LON:OCDO) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,028.33 ($13.44).

A number of analysts have recently issued reports on OCDO shares. Peel Hunt reaffirmed a “buy” rating on shares of Ocado Group in a report on Tuesday, January 22nd. Numis Securities reissued a “buy” rating and issued a GBX 1,250 ($16.33) price objective on shares of Ocado Group in a report on Tuesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 750 ($9.80) price objective on shares of Ocado Group in a report on Tuesday, February 5th. UBS Group reissued a “neutral” rating on shares of Ocado Group in a report on Friday, February 8th. Finally, BNP Paribas reissued an “underperform” rating and issued a GBX 700 ($9.15) price objective on shares of Ocado Group in a report on Wednesday, March 6th.

In other Ocado Group news, insider Mark Richardson sold 46,932 shares of Ocado Group stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of GBX 1,287 ($16.82), for a total transaction of £604,014.84 ($789,252.37).



Shares of LON OCDO traded up GBX 11 ($0.14) during trading on Thursday, reaching GBX 1,248.50 ($16.31). 1,937,360 shares of the company traded hands, compared to its average volume of 2,950,000. The company has a quick ratio of 1.53, a current ratio of 1.75 and a debt-to-equity ratio of 64.79. The company has a market cap of $8.70 billion and a PE ratio of -180.94. Ocado Group has a 52-week low of GBX 730.60 ($9.55) and a 52-week high of GBX 1,440.50 ($18.82).

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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