Ocado Group PLC (OCDO) Receives GBX 867.86 Consensus Price Target from Analysts

Ocado Group PLC (LON:OCDO) has been assigned an average recommendation of “Hold” from the seventeen analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 867.86 ($11.34).

OCDO has been the subject of several recent research reports. Peel Hunt reaffirmed a “buy” rating on shares of Ocado Group in a research report on Tuesday, September 18th. Numis Securities reaffirmed a “buy” rating on shares of Ocado Group in a research report on Tuesday, September 18th. UBS Group reaffirmed a “neutral” rating and issued a GBX 750 ($9.80) price objective on shares of Ocado Group in a research report on Monday, October 1st. Barclays reissued an “equal weight” rating on shares of Ocado Group in a research report on Wednesday, October 10th. Finally, Bank of America reissued a “buy” rating and set a GBX 1,020 ($13.33) price target on shares of Ocado Group in a research report on Tuesday, October 16th.

Shares of LON:OCDO opened at GBX 871.80 ($11.39) on Friday. Ocado Group has a 52-week low of GBX 233.10 ($3.05) and a 52-week 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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