Ocado Group (LON:OCDO) Insider Buys £150.96 in Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 74 shares of the company’s stock in a transaction dated Tuesday, September 15th. The stock was acquired at an average price of GBX 204 per share, for a total transaction of £150.96.

Tim Steiner also recently made the following trade(s):

• On Monday, August 17th, Tim Steiner purchased 61 shares of Ocado Group stock. The stock was bought at an average cost of GBX 243 per share, with a total value of £148.23.
• On Wednesday, July 15th, Tim Steiner purchased 87 shares of Ocado Group stock. The shares were bought at an average price of GBX 172 per share, with a total value of £149.64.

Ocado Group Stock Performance

Shares of OCDO opened at GBX 233.91 on Friday. The company has a market capitalization of £1.95 billion, a PE ratio of -7.72 and a beta of 2.41. The company has a debt-to-equity ratio of 110.64, a quick ratio of 2.81 and a current ratio of 1.41. The company’s 50 day moving average price is GBX 213.97 and its 200 day moving average price is GBX 200.92. Ocado Group plc has a 52 week low of GBX 140.30 and a 52 week high of GBX 299.30.

Ocado Group (LON:OCDO) last released its earnings results on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Analysts Set New Price Targets

OCDO has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price objective on Ocado Group from GBX 245 to GBX 290 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 310 price target on shares of Ocado Group in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 300.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.