Ocado Group’s (OCDO) Sell Rating Reiterated at Deutsche Bank
Ocado Group (LON:OCDO)‘s stock had its “sell” rating restated by research analysts at Deutsche Bank in a report issued on Monday. They currently have a GBX 200 ($2.71) price target on the stock. Deutsche Bank’s price target would suggest a potential downside of 51.80% from the stock’s current price.
A number of other research analysts have also recently weighed in on OCDO. Peel Hunt reiterated a “buy” rating and set a GBX 460 ($6.24) price objective on shares of Ocado Group in a research report on Wednesday, January 3rd. reissued a “reduce” rating and set a GBX 180 ($2.44) target price on shares of Ocado Group in a research note on Monday, September 25th. Morgan Stanley reissued an “overweight” rating and set a GBX 380 ($5.15) target price on shares of Ocado Group in a research note on Wednesday, October 4th. Citigroup reissued a “buy” rating and set a GBX 400 ($5.42) target price on shares of Ocado Group in a research note on Wednesday, September 20th. Finally, Berenberg Bank began coverage on shares of Ocado Group in a research note on Tuesday, October 3rd. They set a “hold” rating and a GBX 286 ($3.88) target price for the company. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of GBX 316.53 ($4.29).
Ocado Group (OCDO) opened at GBX 414.98 ($5.63) on Monday. Ocado Group has a 1 year low of GBX 233 ($3.16) and a 1 year high of GBX 444.70 ($6.03). The firm has a market cap of $2,620.00 and a price-to-earnings ratio of 20,749.00.
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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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