Goldman Sachs Group Boosts Ocado Group (OCDO) Price Target to GBX 560
Ocado Group (LON:OCDO) had its price target hoisted by research analysts at Goldman Sachs Group from GBX 445 ($6.03) to GBX 560 ($7.59) in a research report issued on Tuesday. The firm presently has a “conviction-buy” rating on the stock. Goldman Sachs Group’s price target points to a potential upside of 9.50% from the company’s current price.
OCDO has been the topic of a number of other reports. Deutsche Bank reiterated a “sell” rating on shares of Ocado Group in a research report on Monday, November 20th. Citigroup reiterated a “buy” rating and issued a GBX 400 ($5.42) price target on shares of Ocado Group in a research report on Tuesday, December 12th. Peel Hunt initiated coverage on Ocado Group in a research report on Thursday, December 7th. They issued a “buy” rating and a GBX 460 ($6.24) price target on the stock. Morgan Stanley reiterated an “overweight” rating and issued a GBX 380 ($5.15) price target on shares of Ocado Group in a research report on Wednesday, October 4th. Finally, Berenberg Bank initiated coverage on Ocado Group in a research report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.88) price target on the stock. Five analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 338.53 ($4.59).
Shares of Ocado Group (LON OCDO) opened at GBX 511.40 ($6.94) on Tuesday. Ocado Group has a 1 year low of GBX 233 ($3.16) and a 1 year high of GBX 444.70 ($6.03). The firm has a market capitalization of $3,260.00 and a price-to-earnings ratio of 25,570.00.
About Ocado Group
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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