Ocado Group (LON:OCDO) Receives Buy Rating from Citigroup
A number of other equities research analysts have also weighed in on OCDO. HSBC set a €136.00 ($158.14) price objective on Deutsche Boerse and gave the stock a buy rating in a research report on Thursday, April 11th. Jefferies Financial Group restated a buy rating and set a GBX 3,000 ($39.20) price target on shares of in a research report on Monday, June 3rd. Bank of America dropped their price target on 3D Systems from $10.00 to $9.00 and set an underperform rating on the stock in a research report on Wednesday, May 8th. Royal Bank of Canada restated a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research report on Tuesday. Finally, Peel Hunt upgraded MJ Gleeson to a hold rating and lifted their price target for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a research report on Thursday, July 4th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. Ocado Group currently has a consensus rating of Hold and a consensus target price of GBX 1,150 ($15.03).
Shares of OCDO stock opened at GBX 1,143.50 ($14.94) on Wednesday. The company has a market cap of $8.08 billion and a price-to-earnings ratio of -165.72. Ocado Group has a fifty-two week low of GBX 730.60 ($9.55) and a fifty-two week high of GBX 1,440.50 ($18.82). The stock has a 50 day simple moving average of GBX 1,168.99. The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 64.79.
About Ocado Group
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
Read More: What does a hold rating mean?
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