Ocado Group PLC Receives “Sell” Rating from Deutsche Bank (OCDO)
Ocado Group PLC (LON:OCDO)‘s stock had its “sell” rating reaffirmed by stock analysts at Deutsche Bank in a report issued on Tuesday. They currently have a GBX 350 ($5.96) target price on the stock. Deutsche Bank’s target price would indicate a potential downside of 4.58% from the company’s current price.
Ocado Group PLC (LON:OCDO) traded up 0.66% during mid-day trading on Tuesday, hitting GBX 366.80. 1,570,721 shares of the company’s stock traded hands. Ocado Group PLC has a one year low of GBX 260.02 and a one year high of GBX 623.50. The stock’s 50-day moving average is GBX 348.0 and its 200-day moving average is GBX 441.0. The company’s market cap is £2.136 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group raised their price target on shares of Ocado Group PLC from GBX 275 ($4.68) to GBX 330 ($5.62) in a research note on Tuesday. They now have a “hold” rating on the stock. Separately, 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. Finally, 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. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. Ocado Group PLC has an average rating of “Hold” and a consensus target price 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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