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).
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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