Ocado Group (LON:OCDO)‘s stock had its “buy” rating reiterated by analysts at Peel Hunt in a research note issued to investors on Thursday. They presently have a GBX 460 ($6.19) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 36.50% from the stock’s previous close.

Several other brokerages have also weighed in on OCDO. Deutsche Bank reaffirmed a “sell” rating on shares of Ocado Group in a research report on Wednesday. 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. Societe Generale increased their target price on Ocado Group from GBX 189 ($2.54) to GBX 207 ($2.79) and gave the stock a “sell” rating in a research report on Wednesday, November 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 380 ($5.11) target price on shares of Ocado Group in a research report on Wednesday, November 29th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 250 ($3.36) target price 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 issued 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 target price of GBX 316.53 ($4.26).

Ocado Group (LON:OCDO) opened at GBX 337 ($4.54) on Thursday. Ocado Group has a 52-week low of GBX 233 ($3.14) and a 52-week high of GBX 373.10 ($5.02).

In related news, insider Duncan Tatton-Brown acquired 7,033 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were bought at an average cost of GBX 283 ($3.81) per share, with a total value of £19,903.39 ($26,787.87). Also, insider Andrew Harrison acquired 6,666 shares of the business’s stock in a transaction on Wednesday, October 11th. The stock was bought at an average cost of GBX 300 ($4.04) per share, for a total transaction of £19,998 ($26,915.21). Insiders acquired 13,852 shares of company stock worth $4,035,476 over the last three months.

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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.

Analyst Recommendations for Ocado Group (LON:OCDO)

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