Ocado Group PLC (OCDO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Ocado Group PLC (LON:OCDO) have been assigned an average rating of “Hold” from the twenty ratings firms that are covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 583.30 ($7.62).

Several equities research analysts recently commented on the stock. Peel Hunt reiterated a “buy” rating on shares of Ocado Group in a research note on Tuesday, September 18th. UBS Group reiterated a “neutral” rating and set a GBX 750 ($9.80) price target on shares of Ocado Group in a research note on Monday, October 1st. Liberum Capital reiterated a “buy” rating on shares of Ocado Group in a research note on Monday, July 2nd. HSBC reiterated a “hold” rating on shares of Ocado Group in a research note on Monday, August 13th. Finally, Goldman Sachs Group upgraded shares of Ocado Group to a “buy” rating in a research note on Monday, June 11th.

In other Ocado Group news, insider Tim Steiner sold 4,791,200 shares of the firm’s stock in a transaction on Friday, August 24th. The shares were sold at an average price of GBX 1,060 ($13.85), for a total transaction of £50,786,720 ($66,361,845.03). Also, insider Duncan Tatton-Brown sold 100,000 shares of the firm’s stock in a transaction on Thursday, July 12th. The stock was sold at an average price of GBX 866 ($11.32), for a total transaction of £866,000 ($1,131,582.39). Insiders have acquired a total of 45 shares of company stock worth $44,765 over the last three months.

Shares of OCDO traded down GBX 13.40 ($0.18) during midday trading on Wednesday, reaching GBX 790 ($10.32). The stock had a trading volume of 1,969,633 shares, compared to its average volume of 2,950,000. Ocado Group has a 1-year low of GBX 233.10 ($3.05) and a 1-year high of GBX 603.20 ($7.88).

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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