Ocado Group (LON:OCDO) Receives “Buy” Rating from Citigroup

Citigroup reiterated their buy rating on shares of Ocado Group (LON:OCDO) in a report released on Wednesday morning, Digital Look reports.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group reissued a buy rating and issued a GBX 3,000 ($39.20) price objective on shares of in a research report on Monday, June 3rd. Peel Hunt raised shares of MJ Gleeson to a hold rating and lifted their price objective for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a research report on Thursday, July 4th. Numis Securities raised shares of AJ Bell to a hold rating in a research report on Monday, June 10th. JPMorgan Chase & Co. lifted their price objective on shares of LYFT from $82.00 to $86.00 in a research report on Wednesday, May 8th. Finally, Royal Bank of Canada reissued a sector perform rating and issued a GBX 485 ($6.34) price objective on shares of in a research report on Tuesday, July 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of Hold and an average target price of GBX 1,150 ($15.03).

Shares of OCDO opened at GBX 1,143.50 ($14.94) on Wednesday. The company has a 50-day moving average price of GBX 1,168.99. Ocado Group has a one year low of GBX 730.60 ($9.55) and a one year high of GBX 1,440.50 ($18.82). The company has a market cap of $8.08 billion and a P/E ratio of -165.72. The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 64.79.

In other news, insider Stuart Rose sold 150,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of GBX 1,199 ($15.67), for a total transaction of £1,798,500 ($2,350,058.80).

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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