Ocado Group PLC Given Average Recommendation of “Hold” by Analysts (LON:OCDO)
Ocado Group PLC (LON:OCDO) has earned an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Stock Ratings Network reports. Five research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 415.56 ($7.07).
Ocado Group PLC (LON:OCDO) traded up 3.20% during mid-day trading on Thursday, hitting GBX 361.20. The stock had a trading volume of 730,346 shares. Ocado Group PLC has a 52-week low of GBX 268.80 and a 52-week high of GBX 623.50. The stock’s 50-day moving average is GBX 348.1 and its 200-day moving average is GBX 440.. The company’s market cap is £2.104 billion.
OCDO has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday. They now have a GBX 350 ($5.96) price target on the stock. Separately, 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. Finally, 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.
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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