Ocado Group Receives “Hold” Rating from Jefferies Group (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “hold” rating reiterated by stock analysts at Jefferies Group in a report issued on Tuesday, AR Network reports. They currently have a GBX 275 ($4.52) target price on the stock. Jefferies Group’s target price points to a potential downside of 46.08% from the stock’s previous close.
Several other analysts have also recently commented on the stock. 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. Separately, 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. The company currently has a consensus rating of “Sell” and an average target price of GBX 319.44 ($5.25).
Shares of Ocado Group (LON:OCDO) traded down 2.58% during mid-day trading on Tuesday, hitting GBX 510.00. The stock had a trading volume of 5,926,147 shares. Ocado Group has a one year low of GBX 103.33 and a one year high of GBX 559.50. The stock has a 50-day moving average of GBX 484.9 and a 200-day moving average of 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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