Jefferies Group Reiterates Hold Rating for Ocado Group (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “hold” rating restated by research analysts at Jefferies Group in a report released on Friday, American Banking News reports. They currently have a GBX 275 ($4.30) price objective on the stock. Jefferies Group’s price target indicates a potential downside of 26.25% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Thursday. They now have a GBX 450 ($7.04) price target on the stock. Separately, analysts at BNP Paribas reiterated a “neutral” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Tuesday. They now have a GBX 300 ($4.69) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Thursday, August 29th. They now have a GBX 300 ($4.69) price target on the stock.
Five research 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. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 206.55 ($3.23).
Ocado Group (LON:OCDO) traded up 0.56% during mid-day trading on Friday, hitting GBX 375.00. The stock had a trading volume of 553,958 shares. Ocado Group has a 52 week low of GBX 56.323 and a 52 week high of GBX 383.50. The stock’s 50-day moving average is GBX 310.7 and its 200-day moving average is GBX 243.9. The company’s market cap is £2.169 billion.
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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