Ocado Group’s Hold Rating Reaffirmed at Jefferies Group (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Thursday, AnalystRatingsNetwork.com reports. They currently have a GBX 275 ($4.53) price target on the stock. Jefferies Group’s target price indicates a potential downside of 47.22% from the company’s current price.
Ocado Group (LON:OCDO) traded up 0.48% on Thursday, hitting GBX 523.50. The stock had a trading volume of 1,872,427 shares. Ocado Group has a 1-year low of GBX 83.00 and a 1-year high of GBX 559.50. The stock has a 50-day moving average of GBX 444.6 and a 200-day moving average of GBX 386.6. The company’s market cap is £3.014 billion.
A number of other firms have also recently commented on OCDO. Analysts at Numis Securities Ltd downgraded shares of Ocado Group to an “add” rating in a research note to investors on Thursday. They now have a GBX 600 ($9.89) price target on the stock. Separately, analysts at HSBC raised their price target on shares of Ocado Group from GBX 200 ($3.30) to GBX 235 ($3.87) in a research note to investors on Monday. They now have an “underweight” rating on the stock. Finally, analysts at Barclays reiterated an “underweight” rating on shares of Ocado Group in a research note to investors on Tuesday, January 7th. They now have a GBX 250 ($4.12) price target on the stock. Six investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of GBX 298.13 ($4.91).
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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