Deutsche Bank Reiterates “Sell” Rating for Ocado Group (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “sell” rating reissued by research analysts at Deutsche Bank in a note issued to investors on Wednesday.
A number of other research analysts also recently weighed in on OCDO. Citigroup reaffirmed a “buy” rating and issued a GBX 400 ($5.38) target price on shares of Ocado Group in a research report on Tuesday. reaffirmed a “reduce” rating and issued a GBX 180 ($2.42) target price on shares of Ocado Group in a research report on Monday, September 25th. Peel Hunt initiated coverage on shares of Ocado Group in a research report on Thursday, December 7th. They issued a “buy” rating and a GBX 460 ($6.19) target price for the company. Jefferies Group reissued a “hold” rating and issued a GBX 250 ($3.36) price objective on shares of Ocado Group in a research report on Wednesday, November 29th. Finally, Morgan Stanley reissued an “overweight” rating and issued a GBX 380 ($5.11) price objective on shares of Ocado Group in a research report on Wednesday, October 4th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 316.53 ($4.26).
Ocado Group (OCDO) opened at GBX 340 ($4.58) on Wednesday. Ocado Group has a 12-month low of GBX 233 ($3.14) and a 12-month high of GBX 373.10 ($5.02).
In other news, insider Duncan Tatton-Brown bought 7,033 shares of the company’s stock in a transaction dated Thursday, September 28th. The stock was bought at an average cost of GBX 283 ($3.81) per share, for a total transaction of £19,903.39 ($26,787.87). Also, insider Andrew Harrison bought 6,666 shares of the company’s stock in a transaction dated Wednesday, October 11th. The stock was purchased at an average price of GBX 300 ($4.04) per share, with a total value of £19,998 ($26,915.21). Insiders acquired a total of 13,808 shares of company stock valued at $4,020,340 in the last quarter.
Ocado Group Company Profile
Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are 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, derived from the United Kingdom.
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