Insider Buying: Ocado Group (LON:OCDO) Insider Purchases £148.23 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith bought 61 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were bought at an average cost of GBX 243 per share, with a total value of £148.23.

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

• On Wednesday, July 15th, Stephen Daintith bought 87 shares of Ocado Group stock. The shares were bought at an average cost of GBX 172 per share, for a total transaction of £149.64.
• On Friday, June 12th, Stephen Daintith bought 76 shares of Ocado Group stock. The shares were bought at an average cost of GBX 198 per share, for a total transaction of £150.48.

Ocado Group Trading Up 1.5%

LON OCDO opened at GBX 237.41 on Friday. The firm has a market capitalization of £1.98 billion, a PE ratio of -7.84 and a beta of 2.40. The business’s 50-day moving average price is GBX 197.25 and its two-hundred day moving average price is GBX 201.20. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. Ocado Group plc has a 12 month low of GBX 140.30 and a 12 month high of GBX 362.23.

Ocado Group (LON:OCDO) last issued its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative return on equity of 15.94% and a negative net margin of 14.29%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OCDO. JPMorgan Chase & Co. raised their price target on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 310 price objective on shares of Ocado Group in a research note on Monday, June 1st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 300.

Ocado Group Company Profile

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.