Insider Buying: Ocado Group plc (LON:OCDO) Insider Buys £150.15 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith purchased 39 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were purchased at an average cost of GBX 385 ($5.03) per share, with a total value of £150.15 ($196.07).

Stephen Daintith also recently made the following trade(s):

• On Monday, September 16th, Stephen Daintith acquired 45 shares of Ocado Group stock. The stock was purchased at an average cost of GBX 331 ($4.32) per share, with a total value of £148.95 ($194.50).
• On Thursday, August 15th, Stephen Daintith bought 46 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 328 ($4.28) per share, for a total transaction of £150.88 ($197.02).

Ocado Group Stock Up 2.1 %

LON:OCDO opened at GBX 366.70 ($4.79) on Friday. The company has a debt-to-equity ratio of 143.47, a quick ratio of 2.82 and a current ratio of 2.35. The company has a market capitalization of £3.01 billion, a price-to-earnings ratio of -1,410.38 and a beta of 1.85. Ocado Group plc has a one year low of GBX 278.17 ($3.63) and a one year high of GBX 798.80 ($10.43). The stock has a 50-day simple moving average of GBX 364.68 and a 200 day simple moving average of GBX 365.41.

Wall Street Analyst Weigh In

A number of research analysts recently commented on OCDO shares. Berenberg Bank downgraded Ocado Group to an “underperform” rating and reduced their price target for the company from GBX 1,000 ($13.06) to GBX 260 ($3.40) in a report on Monday, July 15th. JPMorgan Chase & Co. decreased their price target on shares of Ocado Group from GBX 450 ($5.88) to GBX 380 ($4.96) and set a “neutral” rating for the company in a research report on Friday, June 28th. Finally, Shore Capital restated a “not rated” rating on shares of Ocado Group in a research note on Thursday, September 19th.

About Ocado Group

Ocado Group plc, together with its subsidiaries, operates as an online grocery retailer in the United Kingdom and internationally. The company operates in three segments: Technology Solutions, Ocado Logistics, and Ocado Retail. It offers online grocery and general merchandise; and customer fulfillment centers and logistics services.