Ocado Group PLC (OCDO) Given Average Rating of “Hold” by Analysts

Ocado Group PLC (LON:OCDO) has received a consensus recommendation of “Hold” from the sixteen analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and seven have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,014.29 ($13.25).

OCDO has been the subject of a number of research reports. Numis Securities reissued a “buy” rating and issued a GBX 1,250 ($16.33) price target on shares of Ocado Group in a report on Tuesday, February 5th. Peel Hunt reissued a “buy” rating on shares of Ocado Group in a research note on Monday, February 4th. Citigroup reissued a “buy” rating on shares of Ocado Group in a research note on Wednesday, March 27th. Finally, Bank of America boosted their target price on Ocado Group from GBX 1,020 ($13.33) to GBX 1,630 ($21.30) and gave the stock a “buy” rating in a research note on Wednesday, May 8th.

OCDO traded down GBX 3 ($0.04) on Thursday, reaching GBX 1,274 ($16.65). 762,345 shares of the stock were exchanged, compared to its average volume of 2,950,000. Ocado Group has a fifty-two week low of GBX 541.40 ($7.07) and a fifty-two week high of GBX 1,440.50 ($18.82). The company has a debt-to-equity ratio of 64.79, a quick ratio of 1.53 and a current ratio of 1.75. The stock has a market cap of $8.88 billion and a P/E ratio of -184.64.

In other Ocado Group news, insider Mark Richardson sold 46,932 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of GBX 1,287 ($16.82), for a total transaction of £604,014.84 ($789,252.37).

Ocado Group Company Profile

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.

Further Reading: Momentum Investing

Analyst Recommendations for Ocado Group (LON:OCDO)

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