Barclays Reiterates “Underweight” Rating for Ocado Group (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “underweight” rating reaffirmed by stock analysts at Barclays in a report issued on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 250 ($4.10) price target on the stock. Barclays’ target price indicates a potential downside of 45.37% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Ocado Group in a research note to investors on Thursday, November 14th. They now have a GBX 545 ($8.94) price target on the stock. Separately, analysts at BNP Paribas downgraded shares of Ocado Group to an “underperform” rating in a research note to investors on Wednesday, October 23rd. They now have a GBX 300 ($4.92) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of Ocado Group in a research note to investors on Thursday, October 10th. They now have a GBX 300 ($4.92) price target on the stock. Six investment analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of GBX 261.88 ($4.30).
Ocado Group (LON:OCDO) traded up 0.51% during mid-day trading on Tuesday, hitting GBX 457.60. The stock had a trading volume of 1,384,184 shares. Ocado Group has a 52-week low of GBX 80.25 and a 52-week high of GBX 469.10. The stock’s 50-day moving average is GBX 426.8 and its 200-day moving average is GBX 376.4. The company’s market cap is £2.635 billion.
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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