Ocado Group PLC (OCDO) Downgraded by BNP Paribas
BNP Paribas downgraded shares of Ocado Group PLC (LON:OCDO) to an underperform rating in a research note released on Wednesday morning. BNP Paribas currently has GBX 215 ($2.81) price objective on the stock.
Several other research firms have also recently commented on OCDO. Barclays PLC restated an equal weight rating and set a GBX 290 ($3.79) price target on shares of Ocado Group PLC in a report on Thursday, June 23rd. HSBC decreased their price target on shares of Ocado Group PLC from GBX 200 ($2.61) to GBX 190 ($2.48) and set a reduce rating for the company in a report on Thursday, June 30th. Morgan Stanley restated an overweight rating and set a GBX 420 ($5.48) price target on shares of Ocado Group PLC in a report on Monday, July 4th. Societe Generale restated a sell rating and set a GBX 193 ($2.52) price target on shares of Ocado Group PLC in a report on Tuesday, June 28th. Finally, Goldman Sachs Group Inc. restated a conviction-buy rating and set a GBX 650 ($8.48) price target on shares of Ocado Group PLC in a report on Monday, June 27th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus price target of GBX 327.92 ($4.28).
Shares of Ocado Group PLC (LON:OCDO) opened at 274.00 on Wednesday. Ocado Group PLC has a 12-month low of GBX 203.00 and a 12-month high of GBX 412.70. The company’s 50-day moving average is GBX 290.84 and its 200-day moving average is GBX 279.41. The firm’s market capitalization is GBX 1.62 billion.
In other news, insider Tatton-Brown,Duncan bought 100,000 shares of Ocado Group PLC stock in a transaction dated Friday, July 1st. The shares were bought at an average price of GBX 227 ($2.96) per share, for a total transaction of £227,000 ($296,305.97).
Ocado Group PLC Company Profile
Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
Receive News & Ratings for Ocado Group PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group PLC and related companies with Analyst Ratings Network's FREE daily email newsletter.