Stephen Daintith Purchases 39 Shares of Ocado Group plc (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith bought 39 shares of the stock in a transaction on Monday, July 15th. The shares were acquired at an average cost of GBX 380 ($4.93) per share, for a total transaction of £148.20 ($192.19).

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

• On Monday, June 17th, Stephen Daintith purchased 42 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 357 ($4.63) per share, for a total transaction of £149.94 ($194.45).

Ocado Group Price Performance

OCDO traded up GBX 20.10 ($0.26) during midday trading on Tuesday, reaching GBX 360.50 ($4.68). 13,932,419 shares of the company’s stock were exchanged, compared to its average volume of 4,746,227. The firm has a market capitalization of £2.95 billion, a price-to-earnings ratio of -976.58 and a beta of 1.73. The company has a quick ratio of 2.82, a current ratio of 2.49 and a debt-to-equity ratio of 129.71. Ocado Group plc has a one year low of GBX 278.17 ($3.61) and a one year high of GBX 1,017 ($13.19). The business has a 50-day simple moving average of GBX 345.71 and a two-hundred day simple moving average of GBX 445.45.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on OCDO shares. Berenberg Bank downgraded Ocado Group to an “underperform” rating and lowered their price target for the company from GBX 1,000 ($12.97) to GBX 260 ($3.37) in a research report on Monday. JPMorgan Chase & Co. lowered their price target on Ocado Group from GBX 450 ($5.84) to GBX 380 ($4.93) and set a “neutral” rating on the stock in a research report on Friday, June 28th.

Ocado Group Company Profile

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.