Beaufort Securities Initiates Coverage on Ocado Group (OCDO)
Research analysts at Beaufort Securities assumed coverage on shares of Ocado Group (LON:OCDO) in a report released on Friday, Analyst Ratings Net reports. The firm set a “sell” rating on the stock.
Ocado Group (LON:OCDO) opened at 501.00 on Friday. Ocado Group has a one year low of GBX 81.50 and a one 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 £2.885 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 Thursday. They now have a GBX 275 ($4.53) price target on the stock. Separately, 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. Finally, 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. Seven analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Sell” and a consensus target price 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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