Insider Buying: Ocado Group (LON:OCDO) Insider Purchases £150.28 in Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 68 shares of the firm’s stock in a transaction that occurred on Monday, November 17th. The shares were acquired at an average price of GBX 221 per share, with a total value of £150.28.

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

• On Wednesday, October 15th, Tim Steiner purchased 65 shares of Ocado Group stock. The stock was bought at an average price of GBX 233 per share, for a total transaction of £151.45.
• On Monday, September 15th, Tim Steiner acquired 62 shares of Ocado Group stock. The shares were bought at an average price of GBX 243 per share, with a total value of £150.66.

Ocado Group Stock Down 17.4%

Shares of Ocado Group stock traded down GBX 37.90 during trading hours on Tuesday, hitting GBX 179.90. The company had a trading volume of 546,520,313 shares, compared to its average volume of 10,048,685. The company’s 50-day moving average is GBX 232.90 and its two-hundred day moving average is GBX 268.71. Ocado Group plc has a twelve month low of GBX 166 and a twelve month high of GBX 397.90. The company has a debt-to-equity ratio of 144.16, a current ratio of 2.35 and a quick ratio of 2.82. The company has a market cap of £1.49 billion, a P/E ratio of 3.83 and a beta of 1.85.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised their price objective on Ocado Group from GBX 400 to GBX 437 and gave the stock an “overweight” rating in a report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 437.

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.