Zacks Investment Research Upgrades OCADO GRP PLC/S (OTCMKTS:OCDDY) to Hold

OCADO GRP PLC/S (OTCMKTS:OCDDY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

According to Zacks, “Ocado Group PLC is an online grocery retailer. It provides home delivery items which include food and drink, toiletries, household goods, toys and games, baby products, pet care, health and medicines and beauty and clothing. Ocado Group PLC is headquartered in Hatfield, United Kingdom. “

Shares of OCDDY opened at $29.15 on Friday. The company has a 50-day moving average of $30.14. OCADO GRP PLC/S has a 52-week low of $18.77 and a 52-week high of $39.85.

About OCADO GRP PLC/S

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

Further Reading: Why do analysts give a neutral rating?

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