Ocado Group Stock Rating Reaffirmed by BNP Paribas (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “neutral” rating restated by investment analysts at BNP Paribas in a note issued to investors on Wednesday, ARN reports. They currently have a GBX 300 ($4.81) price objective on the stock. BNP Paribas’ price objective suggests a potential downside of 21.05% from the stock’s previous close.
Ocado Group (LON:OCDO) opened at 391.3125 on Wednesday. Ocado Group has a 1-year low of GBX 52.257 and a 1-year high of GBX 435.30. The stock’s 50-day moving average is GBX 321.4 and its 200-day moving average is GBX 253.3. The company’s market cap is £2.253 billion.
OCDO has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Friday, September 13th. They now have a GBX 275 ($4.40) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Ocado Group (LON:OCDO) in a research note to investors on Thursday, September 12th. They now have a GBX 450 ($7.21) price target on the stock. Finally, 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 ($6.09) price target on the stock.
Five analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Ocado Group presently has an average rating of “Hold” and a consensus target price of GBX 216.07 ($3.46).
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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