Peel Hunt Reiterates “Buy” Rating for Ocado Group (LON:OCDO)
Peel Hunt reissued their buy rating on shares of Ocado Group (LON:OCDO) in a research report released on Monday morning, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the stock. Barclays reaffirmed an equal weight rating on shares of Ocado Group in a research note on Tuesday, November 26th. Shore Capital reissued a not rated rating on shares of Ocado Group in a research note on Monday, December 2nd. Peel Hunt reissued a buy rating and set a GBX 1,700 ($22.36) price objective on shares of Ocado Group in a research note on Friday, November 29th. JPMorgan Chase & Co. lowered shares of Ocado Group to an underweight rating and decreased their target price for the stock from GBX 1,073 ($14.11) to GBX 1,050 ($13.81) in a research report on Monday, October 14th. Finally, Goldman Sachs Group lifted their target price on shares of Ocado Group from GBX 1,220 ($16.05) to GBX 1,250 ($16.44) and gave the stock a neutral rating in a research note on Friday, January 31st. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of GBX 1,253.93 ($16.49).
Ocado Group stock opened at GBX 1,183 ($15.56) on Monday. The stock has a market cap of $8.22 billion and a PE ratio of -47.89. The stock has a 50-day moving average price of GBX 1,276.18 and a 200 day moving average price of GBX 1,259.26. Ocado Group has a 52 week low of GBX 875 ($11.51) and a 52 week high of GBX 1,440.50 ($18.95). The company has a current ratio of 1.37, a quick ratio of 1.23 and a debt-to-equity ratio of 94.24.
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
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