Ocado Group PLC Receives Average Rating of “Sell” from Brokerages (LON:OCDO)
Ocado Group PLC (LON:OCDO) has earned an average recommendation of “Sell” from the eleven ratings firms that are presently covering the company, Analyst Ratings Network reports. Eight investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 317.78 ($5.21).
Ocado Group PLC (LON:OCDO) opened at 580.50 on Thursday. Ocado Group PLC has a one year low of GBX 120.00 and a one year high of GBX 565.50. The stock has a 50-day moving average of GBX 503.1 and a 200-day moving average of GBX 414.7. The company’s market cap is £3.381 billion.
A number of research firms have recently commented on OCDO. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Ocado Group PLC in a research note on Friday, February 7th. They now have a GBX 440 ($7.22) price target on the stock. Separately, analysts at BNP Paribas cut their price target on shares of Ocado Group PLC from GBX 350 ($5.74) to GBX 340 ($5.58) in a research note on Wednesday, February 5th. They now have an “underperform” rating on the stock. Finally, analysts at HSBC upgraded shares of Ocado Group PLC to an “underweight” rating in a research note on Wednesday, February 5th. They now have a GBX 230 ($3.77) price target on the stock, down previously from GBX 235 ($3.86).
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.
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