Ocado Group’s (OCDO) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Ocado Group (LON:OCDO)‘s stock had its “buy” rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a note issued to investors on Monday,London Stock Exchange reports. They currently have a GBX 310 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 43.94% from the stock’s current price.

Ocado Group Trading Down 3.4%

Shares of Ocado Group stock opened at GBX 215.36 on Monday. Ocado Group has a fifty-two week low of GBX 165.85 and a fifty-two week high of GBX 397.90. The firm has a market cap of £1.79 billion, a PE ratio of 4.42 and a beta of 2.32. The business’s fifty day moving average is GBX 195.57 and its two-hundred day moving average is GBX 213.77. The company has a quick ratio of 2.82, a current ratio of 2.00 and a debt-to-equity ratio of 131.70.

Ocado Group (LON:OCDO) last issued its quarterly earnings results on Friday, March 6th. The company reported GBX (44.60) earnings per share for the quarter. Ocado Group had a return on equity of 24.47% and a net margin of 29.33%.

Insider Activity at Ocado Group

In other news, insider Jorn Rausing acquired 910,698 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average cost of GBX 202 per share, for a total transaction of £1,839,609.96. In the last three months, insiders acquired 911,174 shares of company stock worth $184,050,978. Corporate insiders own 36.12% of the company’s stock.

About Ocado Group

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.