Ocado Group (LON:OCDO) Insider Buys 74 Shares

Ocado Group plc (LON:OCDO) insider Tim Steiner purchased 74 shares of the stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average cost of GBX 204 per share, with a total value of £150.96.

Tim Steiner also recently made the following trade(s):

• On Monday, August 17th, Tim Steiner acquired 61 shares of Ocado Group stock. The shares were acquired at an average price of GBX 243 per share, for a total transaction of £148.23.
• On Wednesday, July 15th, Tim Steiner acquired 87 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 172 per share, for a total transaction of £149.64.

Ocado Group Stock Up 2.8%

LON:OCDO traded up GBX 5.76 during trading hours on Wednesday, reaching GBX 212.56. The company’s stock had a trading volume of 693,232 shares, compared to its average volume of 21,422,504. The company has a market capitalization of £1.78 billion, a P/E ratio of -7.02 and a beta of 2.41. Ocado Group plc has a 12 month low of GBX 140.30 and a 12 month high of GBX 299.30. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41. The stock has a 50 day moving average price of GBX 211 and a two-hundred day moving average price of GBX 200.64.

Ocado Group (LON:OCDO) last posted its quarterly earnings results on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on OCDO shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 310 price target on shares of Ocado Group in a research note on Monday, June 1st. JPMorgan Chase & Co. lifted their target price on Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Ocado Group currently has a consensus rating of “Buy” and a consensus target price of GBX 300.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.