Ocado Group (OCDO) Rating Reiterated by Peel Hunt

Ocado Group (LON:OCDO)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a research report issued to clients and investors on Tuesday, October 30th.

Other research analysts also recently issued reports about the company. Numis Securities restated a “buy” rating on shares of Ocado Group in a research note on Tuesday, September 18th. Royal Bank of Canada restated a “sector perform” rating and set a GBX 750 ($9.80) price objective on shares of Ocado Group in a research note on Tuesday, July 10th. Bank of America restated a “buy” rating and set a GBX 1,020 ($13.33) price objective on shares of Ocado Group in a research note on Tuesday, October 16th. Barclays restated an “equal weight” rating on shares of Ocado Group in a research note on Wednesday, October 10th. Finally, HSBC restated a “hold” rating on shares of Ocado Group in a research note on Thursday, July 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of GBX 601.20 ($7.86).

Shares of LON OCDO traded down GBX 38.80 ($0.51) during trading on Tuesday, reaching GBX 764.40 ($9.99). The stock had a trading volume of 2,127,323 shares, compared to its average volume of 2,950,000. Ocado Group has a one year low of GBX 233.10 ($3.05) and a one year high of GBX 603.20 ($7.88).

In other news, insider Tim Steiner sold 4,791,200 shares of the stock in a transaction dated Friday, August 24th. The stock was 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 Luke Jensen bought 12,658 shares of the firm’s stock in a transaction that occurred on Monday, October 8th. The shares were acquired at an average price of GBX 790 ($10.32) per share, with a total value of £99,998.20 ($130,665.36).

Ocado Group Company Profile

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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