Ocado Group Rating Reiterated by Deutsche Bank (OCDO)
Ocado Group (LON:OCDO)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank in a research note issued to investors on Friday, AmericanBankingNews.com reports. They currently have a GBX 440 ($7.23) price target on the stock. Deutsche Bank’s price target would suggest a potential downside of 19.59% from the stock’s previous close.
OCDO has been the subject of a number of other recent research reports. Analysts at BNP Paribas cut their price target on shares of Ocado Group from GBX 350 ($5.75) to GBX 340 ($5.59) in a research note to investors on Wednesday. They now have an “underperform” rating on the stock. Separately, analysts at HSBC upgraded shares of Ocado Group to an “underweight” rating in a research note to investors on Wednesday. They now have a GBX 230 ($3.78) price target on the stock, down previously from GBX 235 ($3.86). Finally, analysts at Beaufort Securities reiterated a “sell” rating on shares of Ocado Group in a research note to investors on Wednesday. Eight investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Sell” and a consensus price target of GBX 317.78 ($5.22).
Shares of Ocado Group (LON:OCDO) opened at 547.19 on Friday. Ocado Group has a one year low of GBX 106.00 and a one year high of GBX 559.50. The stock has a 50-day moving average of GBX 489.1 and a 200-day moving average of GBX 406.4. The company’s market cap is £3.150 billion.
Ocado Group plc is a United Kingdom-based holding company. The Company’s principal activities are the retailing, logistics and distribution of grocery and consumer goods and the development and monetisation of intellectual property and technology for the online retailing, logistics and distribution of these goods.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.