BNP Paribas Reiterates “Neutral” Rating for Ocado Group (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “neutral” rating reiterated by analysts at BNP Paribas in a research report issued to clients and investors on Thursday, AR Network reports. They currently have a GBX 300 ($4.81) price objective on the stock. BNP Paribas’ price objective would suggest a potential downside of 32.90% from the stock’s previous close.
Ocado Group (LON:OCDO) opened at 443.90 on Thursday. Ocado Group has a 52 week low of GBX 52.257 and a 52 week high of GBX 469.10. The stock has a 50-day moving average of GBX 356.9 and a 200-day moving average of GBX 274.. The company’s market cap is £2.556 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Ocado Group in a research note to investors on Friday, September 13th. They now have a GBX 275 ($4.41) price target on the stock. Separately, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Ocado Group in a research note to investors on Thursday, September 12th. They now have a GBX 450 ($7.22) price target on the stock. Finally, analysts at Numis Securities Ltd reiterated a “buy” rating on shares of Ocado Group in a research note to investors on Tuesday, August 6th. They now have a GBX 380 ($6.10) price target on the stock. Five research 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. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 216.07 ($3.47).
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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