Ocado Group Receives Add Rating from Numis Securities Ltd (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “add” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday, AnalystRatingsNetwork.com reports. They currently have a GBX 600 ($9.86) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 17.65% from the company’s current price.
A number of other firms have also recently commented on OCDO. Analysts at Jefferies Group reiterated a “hold” rating on shares of Ocado Group in a research note to investors on Tuesday. They now have a GBX 275 ($4.52) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “sell” rating on shares of Ocado Group in a research note to investors on Wednesday, January 29th. They now have a GBX 440 ($7.23) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of Ocado Group in a research note to investors on Monday, January 27th. They now have a GBX 350 ($5.75) price target on the stock. Eight 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. The company currently has a consensus rating of “Sell” and a consensus target price of GBX 319.44 ($5.25).
Ocado Group (LON:OCDO) traded down 2.58% on Tuesday, hitting GBX 510.00. The stock had a trading volume of 5,926,147 shares. Ocado Group has a 52 week low of GBX 103.33 and a 52 week high of GBX 559.50. The stock’s 50-day moving average is GBX 484.9 and its 200-day moving average is GBX 405.0. The company’s market cap is £2.936 billion.
Ocado Group plc is a United Kingdom-based holding company. The Company is an online grocery retailer.
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