Insider Buying: Ocado Group (LON:OCDO) Insider Purchases £149.64 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith purchased 87 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were bought at an average price of GBX 172 per share, for a total transaction of £149.64.

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

• On Friday, June 12th, Stephen Daintith bought 76 shares of Ocado Group stock. The shares were purchased at an average price of GBX 198 per share, with a total value of £150.48.
• On Friday, May 15th, Stephen Daintith bought 81 shares of Ocado Group stock. The shares were acquired at an average cost of GBX 185 per share, for a total transaction of £149.85.

Ocado Group Stock Performance

Shares of OCDO stock opened at GBX 145.20 on Thursday. The stock’s 50-day moving average is GBX 191.51 and its two-hundred day moving average is GBX 209.17. Ocado Group plc has a 1 year low of GBX 140.30 and a 1 year high of GBX 397.90. The firm has a market cap of £1.21 billion, a price-to-earnings ratio of 2.98 and a beta of 2.39. The company has a debt-to-equity ratio of 131.70, a quick ratio of 2.81 and a current ratio of 2.00.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 310 price target on shares of Ocado Group in a research report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of GBX 373.50.

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.