Ocado Group PLC (OCDO) Price Target Lowered to GBX 430 at Goldman Sachs Group Inc
Ocado Group PLC (LON:OCDO) had its target price reduced by Goldman Sachs Group Inc from GBX 440 ($5.92) to GBX 430 ($5.78) in a report published on Friday, Marketbeat Ratings reports. Goldman Sachs Group Inc currently has a conviction-buy rating on the stock.
Several other research firms have also recently issued reports on OCDO. Deutsche Bank AG reaffirmed a sell rating and issued a GBX 220 ($2.96) price target on shares of Ocado Group PLC in a report on Wednesday, June 28th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 400 ($5.38) price target on shares of Ocado Group PLC in a report on Monday, June 5th. Credit Suisse Group reaffirmed an outperform rating on shares of Ocado Group PLC in a report on Friday, July 21st. Shore Capital reaffirmed an under review rating on shares of Ocado Group PLC in a report on Wednesday, July 5th. Finally, Citigroup Inc. started coverage on shares of Ocado Group PLC in a report on Wednesday, August 30th. They issued a buy rating and a GBX 400 ($5.38) price target on the stock. Four research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of GBX 310.45 ($4.18).
Shares of Ocado Group PLC (OCDO) opened at 283.90 on Friday. Ocado Group PLC has a 52 week low of GBX 233.00 and a 52 week high of GBX 340.00. The firm’s market capitalization is GBX 1.70 billion. The company’s 50-day moving average is GBX 298.60 and its 200 day moving average is GBX 280.27.
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In other Ocado Group PLC news, insider Emma Lloyd bought 17,300 shares of the company’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of GBX 285 ($3.83) per share, with a total value of £49,305 ($66,305.81). Insiders have acquired 17,455 shares of company stock worth $4,975,463 over the last three months.
About Ocado Group PLC
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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