Ocado Group (LON:OCDO) Earns “Not Rated” Rating from Shore Capital

Shore Capital restated their not rated rating on shares of Ocado Group (LON:OCDO) in a report issued on Tuesday, Digital Look reports.

Several other equities analysts have also commented on the company. Peel Hunt reissued a buy rating and set a GBX 1,700 ($22.36) price target on shares of Ocado Group in a research report on Friday, November 29th. Goldman Sachs Group lifted their price objective on Ocado Group from GBX 1,220 ($16.05) to GBX 1,250 ($16.44) and gave the stock a neutral rating in a report on Friday, January 31st. Berenberg Bank upgraded Ocado Group to a buy rating in a report on Thursday, January 23rd. Peel Hunt restated a buy rating on shares of Ocado Group in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Ocado Group from GBX 1,050 ($13.81) to GBX 1,090 ($14.34) and gave the stock an underweight rating in a report on Monday. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of GBX 1,253.93 ($16.49).

Ocado Group stock opened at GBX 1,165.50 ($15.33) on Tuesday. The stock’s 50 day moving average price is GBX 1,276.18 and its 200 day moving average price is GBX 1,259.26. The firm has a market capitalization of $8.22 billion and a PE ratio of -47.19. The company has a debt-to-equity ratio of 94.24, a quick ratio of 1.23 and a current ratio of 1.37. Ocado Group has a one year low of GBX 875 ($11.51) and a one year high of GBX 1,440.50 ($18.95).

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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