Ocado Group’s “Neutral” Rating Reaffirmed at BNP Paribas (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “neutral” rating reaffirmed by analysts at BNP Paribas in a research report issued to clients and investors on Tuesday, American Banking News reports. They currently have a GBX 300 ($4.69) target price on the stock. BNP Paribas’ price target would indicate a potential downside of 14.29% from the company’s current price.
OCDO has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Tuesday, August 6th. They now have a GBX 380 ($5.94) price target on the stock. Separately, analysts at Jefferies Group raised their price target on shares of Ocado Group (LON:OCDO) from GBX 80 ($1.25) to GBX 275 ($4.30) in a research note to investors on Wednesday, July 3rd. They now have a “hold” rating on the stock. Finally, analysts at Shore Capital Stockbrokers reiterated a “sell” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Tuesday, July 2nd.
Five analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. Ocado Group has a consensus rating of “Hold” and a consensus price target of GBX 199.55 ($3.12).
Shares of Ocado Group (LON:OCDO) opened at 368.00 on Tuesday. Ocado Group has a one year low of GBX 56.323 and a one year high of GBX 351.40. The stock’s 50-day moving average is GBX 305.0 and its 200-day moving average is GBX 238.7. The company’s market cap is £2.129 billion.
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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