Brokerages Set Ocado Group PLC (LON:OCDO) Price Target at GBX 1,010

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Shares of Ocado Group PLC (LON:OCDO) have received an average rating of “Hold” from the thirteen analysts that are covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is GBX 1,010 ($13.20).

OCDO has been the topic of several research reports. Barclays reaffirmed an “equal weight” rating on shares of Ocado Group in a research report on Tuesday, July 16th. Investec reissued a “sell” rating and set a GBX 880 ($11.50) price objective on shares of Ocado Group in a report on Wednesday, August 28th. Morgan Stanley reissued an “equal weight” rating and set a GBX 1,320 ($17.25) price objective on shares of Ocado Group in a report on Monday, August 5th. JPMorgan Chase & Co. lowered Ocado Group to an “underweight” rating and lowered their price objective for the company from GBX 1,073 ($14.02) to GBX 1,050 ($13.72) in a report on Monday, October 14th. Finally, Peel Hunt reissued a “buy” rating on shares of Ocado Group in a report on Tuesday, October 8th.

In other Ocado Group news, insider Claudia Arney bought 5,230 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was purchased at an average price of GBX 1,324 ($17.30) per share, for a total transaction of £69,245.20 ($90,481.12). Also, insider Neill Abrams bought 1,610 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were acquired at an average price of GBX 1,117 ($14.60) per share, with a total value of £17,983.70 ($23,498.89). In the last three months, insiders have bought 6,862 shares of company stock worth $8,752,062.

OCDO stock traded down GBX 91.50 ($1.20) during mid-day trading on Thursday, hitting GBX 1,189.50 ($15.54). The stock had a trading volume of 3,586,843 shares, compared to its average volume of 2,950,000. 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 has a 1-year low of GBX 737.60 ($9.64) and a 1-year high of GBX 1,440.50 ($18.82). The company has a fifty day moving average of GBX 1,314.07 and a 200 day moving average of GBX 1,256.41. The stock has a market capitalization of $8.57 billion and a price-to-earnings ratio of -48.16.

About Ocado Group

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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Analyst Recommendations for Ocado Group (LON:OCDO)

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