Ocado Group PLC (OCDO) Receives Consensus Rating of “Hold” from Brokerages

Ocado Group PLC (LON:OCDO) has received an average rating of “Hold” from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a sell recommendation, two have given a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is GBX 296.40 ($3.84).

A number of research analysts have commented on OCDO shares. Numis Securities Ltd reiterated a “buy” rating and set a GBX 400 ($5.18) price target on shares of Ocado Group PLC in a research report on Tuesday, March 14th. Goldman Sachs Group, Inc. (The) reiterated a “conviction-buy” rating and set a GBX 440 ($5.70) price target on shares of Ocado Group PLC in a research report on Tuesday, June 13th. Deutsche Bank AG reiterated a “sell” rating on shares of Ocado Group PLC in a research report on Tuesday, May 9th. HSBC Holdings plc reiterated a “reduce” rating and set a GBX 200 ($2.59) price target on shares of Ocado Group PLC in a research report on Monday, April 24th. Finally, BNP Paribas reiterated an “underperform” rating and set a GBX 220 ($2.85) price target on shares of Ocado Group PLC in a research report on Tuesday, March 21st.

Shares of Ocado Group PLC (LON:OCDO) traded down 2.82% during midday trading on Monday, hitting GBX 276.10. 1,926,421 shares of the company traded hands. The stock has a 50 day moving average of GBX 294.26 and a 200-day moving average of GBX 263.81. The stock’s market capitalization is GBX 1.65 billion. Ocado Group PLC has a 52 week low of GBX 220.70 and a 52 week high of GBX 340.00.

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Ocado Group PLC Company Profile

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom.

Analyst Recommendations for Ocado Group PLC (LON:OCDO)

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