Ocado Group PLC PT Raised to GBX 330 at Jefferies Group (OCDO)
Equities researchers at Jefferies Group boosted their price objective on shares of Ocado Group PLC (LON:OCDO) from GBX 275 ($4.68) to GBX 330 ($5.62) in a research report issued on Tuesday. The firm currently has a “hold” rating on the stock. Jefferies Group’s price target would suggest a potential downside of 10.03% from the stock’s previous close.
Ocado Group PLC (LON:OCDO) traded up 0.66% during mid-day trading on Tuesday, hitting GBX 366.80. The stock had a trading volume of 1,570,721 shares. Ocado Group PLC has a 52 week low of GBX 260.02 and a 52 week high of GBX 623.50. The stock has a 50-day moving average of GBX 348.0 and a 200-day moving average of GBX 441.0. The company’s market cap is £2.136 billion.
OCDO has been the subject of a number of other recent research reports. Analysts at BNP Paribas reiterated a “neutral” rating on shares of Ocado Group PLC in a research note on Friday, June 13th. They now have a GBX 300 ($5.11) price target on the stock. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Ocado Group PLC in a research note on Thursday, June 12th. They set an “overweight” rating and a GBX 500 ($8.51) price target on the stock. Finally, analysts at HSBC reiterated an “underweight” rating on shares of Ocado Group PLC in a research note on Friday, June 6th. They now have a GBX 230 ($3.91) price target on the stock. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 415.56 ($7.07).
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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