Ocado Group PLC’s (OCDO) Sell Rating Reiterated at Deutsche Bank AG
A number of other brokerages also recently issued reports on OCDO. Numis Securities Ltd reissued a buy rating and set a GBX 400 ($5.26) price objective on shares of Ocado Group PLC in a research report on Tuesday, September 19th. Morgan Stanley reissued an overweight rating and set a GBX 380 ($5.00) price objective on shares of Ocado Group PLC in a research report on Wednesday, October 4th. reissued a reduce rating and set a GBX 180 ($2.37) price objective on shares of Ocado Group PLC in a research report on Friday, September 15th. Citigroup Inc. reissued a buy rating and set a GBX 400 ($5.26) price objective on shares of Ocado Group PLC in a research report on Wednesday, September 20th. Finally, Berenberg Bank assumed coverage on shares of Ocado Group PLC in a research report on Tuesday, October 3rd. They set a hold rating and a GBX 286 ($3.76) price objective on the stock. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of GBX 313.92 ($4.13).
Ocado Group PLC (OCDO) opened at GBX 244.40 ($3.21) on Monday. Ocado Group PLC has a 1 year low of GBX 233 ($3.06) and a 1 year high of GBX 340 ($4.47).
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In other news, insider Andrew Harrison purchased 6,666 shares of the company’s stock in a transaction that occurred on Wednesday, October 11th. The shares were bought at an average price of GBX 300 ($3.95) per share, for a total transaction of £19,998 ($26,302.78). Also, insider Emma Lloyd purchased 17,300 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average price of GBX 285 ($3.75) per share, for a total transaction of £49,305 ($64,849.40). In the last 90 days, insiders have bought 31,158 shares of company stock worth $8,965,740.
Ocado Group PLC 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.
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