Ocado Group plc (LON:OCDO) Given Consensus Rating of “Hold” by Analysts

Shares of Ocado Group plc (LON:OCDO) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 2,481.67 ($32.42).

A number of research analysts have issued reports on OCDO shares. UBS Group reissued a “neutral” rating and issued a GBX 2,300 ($30.05) price target on shares of Ocado Group in a report on Tuesday, July 6th. Barclays decreased their price target on Ocado Group from GBX 1,600 ($20.90) to GBX 1,575 ($20.58) and set an “underweight” rating for the company in a report on Monday, August 9th. JPMorgan Chase & Co. started coverage on Ocado Group in a report on Thursday, June 24th. They issued a “neutral” rating and a GBX 1,900 ($24.82) price target for the company. Numis Securities reissued a “buy” rating and issued a GBX 3,400 ($44.42) price target on shares of Ocado Group in a report on Tuesday, July 6th. Finally, Peel Hunt reissued a “buy” rating and issued a GBX 2,800 ($36.58) price target on shares of Ocado Group in a report on Tuesday, July 6th.

OCDO traded down GBX 69 ($0.90) on Friday, hitting GBX 1,700 ($22.21). The company had a trading volume of 2,369,757 shares, compared to its average volume of 1,059,734. The stock has a fifty day moving average price of GBX 1,882.44 and a 200-day moving average price of GBX 1,974.12. Ocado Group has a 12-month low of GBX 1,700 ($22.21) and a 12-month high of GBX 2,914 ($38.07). The company has a debt-to-equity ratio of 80.17, a quick ratio of 3.85 and a current ratio of 4.00. The stock has a market capitalization of £12.77 billion and a price-to-earnings ratio of -85.43.

In related news, insider Luke Jensen purchased 11,251 shares of Ocado Group stock in a transaction on Monday, July 19th. The shares were bought at an average price of GBX 1,766 ($23.07) per share, with a total value of £198,692.66 ($259,593.23). Also, insider Richard N. (Rick) Haythornthwaite purchased 5,750 shares of Ocado Group stock in a transaction on Wednesday, July 21st. The stock was bought at an average cost of GBX 1,741 ($22.75) per share, for a total transaction of £100,107.50 ($130,791.09). Over the last 90 days, insiders acquired 17,018 shares of company stock valued at $29,911,080.

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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