Ocado Group (OCDO) Given Sell Rating at Deutsche Bank
Several other research firms have also recently weighed in on OCDO. Barclays reiterated an equal weight rating and set a GBX 265 ($3.59) price objective on shares of Ocado Group in a research report on Friday, January 12th. reiterated a reduce rating and set a GBX 180 ($2.44) price objective on shares of Ocado Group in a research report on Monday, September 25th. Morgan Stanley reiterated an overweight rating and set a GBX 380 ($5.15) price objective on shares of Ocado Group in a research report on Wednesday, October 4th. Berenberg Bank began coverage on Ocado Group in a research report on Tuesday, October 3rd. They set a hold rating and a GBX 286 ($3.88) price objective on the stock. Finally, Jefferies Group reiterated a hold rating and set a GBX 250 ($3.39) price objective on shares of Ocado Group in a research report on Wednesday, November 29th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of GBX 329.87 ($4.47).
Ocado Group (OCDO) traded up GBX 88.20 ($1.20) on Friday, reaching GBX 501.20 ($6.80). The company had a trading volume of 6,453,018 shares, compared to its average volume of 2,030,000. Ocado Group has a twelve month low of GBX 233 ($3.16) and a twelve month high of GBX 496.90 ($6.74). The company has a market cap of $3,120.00 and a PE ratio of 25,060.00.
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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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