Ocado Group PLC Given Neutral Rating at BNP Paribas (OCDO)
Ocado Group PLC (LON:OCDO)‘s stock had its “neutral” rating reaffirmed by investment analysts at BNP Paribas in a note issued to investors on Wednesday. They currently have a GBX 300 ($5.11) target price on the stock. BNP Paribas’ price target points to a potential downside of 25.71% from the company’s current price.
A number of other analysts have also recently weighed in on OCDO. Analysts at Deutsche Bank upgraded shares of Ocado Group PLC to a “hold” rating in a research note on Wednesday. They now have a GBX 330 ($5.62) price target on the stock, down previously from GBX 350 ($5.96). Separately, analysts at Shore Capital reiterated a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday. Finally, analysts at Numis Securities Ltd upgraded shares of Ocado Group PLC to a “buy” rating in a research note on Tuesday. They now have a GBX 500 ($8.52) price target on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Ocado Group PLC currently has a consensus rating of “Hold” and an average target price of GBX 399.56 ($6.81).
Ocado Group PLC (LON:OCDO) traded up 13.75% during mid-day trading on Wednesday, hitting GBX 403.80. The stock had a trading volume of 3,209,721 shares. Ocado Group PLC has a one year low of GBX 270.90 and a one year high of GBX 623.50. The stock’s 50-day moving average is GBX 355.2 and its 200-day moving average is GBX 439.7. The company’s market cap is £2.352 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.
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