Ocado Group PLC (OCDO) Downgraded by BNP Paribas
A number of other equities research analysts have also recently weighed in on OCDO. Jefferies Group restated a hold rating and issued a GBX 265 ($3.46) price target on shares of Ocado Group PLC in a research note on Tuesday, May 24th. HSBC restated a reduce rating and issued a GBX 200 ($2.61) price target on shares of Ocado Group PLC in a research note on Wednesday, June 1st. Goldman Sachs Group Inc. restated a conviction-buy rating and issued a GBX 690 ($9.01) price target on shares of Ocado Group PLC in a research note on Friday, June 17th. Societe Generale initiated coverage on Ocado Group PLC in a research note on Friday, June 17th. They issued a sell rating and a GBX 193 ($2.52) price target on the stock. Finally, Barclays PLC restated an equal weight rating and issued a GBX 290 ($3.79) price target on shares of Ocado Group PLC in a research note on Thursday, June 23rd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Ocado Group PLC has a consensus rating of Hold and an average target price of GBX 327.92 ($4.28).
Shares of Ocado Group PLC (LON:OCDO) opened at 274.00 on Wednesday. The firm’s market cap is GBX 1.62 billion. Ocado Group PLC has a 52 week low of GBX 203.00 and a 52 week high of GBX 412.70. The stock has a 50 day moving average of GBX 290.84 and a 200 day moving average of GBX 279.41.
In related news, insider Tatton-Brown,Duncan purchased 100,000 shares of the firm’s stock in a transaction that occurred on 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.
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