Ocado Group PLC Upgraded by Deutsche Bank to Hold (OCDO)
Ocado Group PLC (LON:OCDO) was upgraded by research analysts at Deutsche Bank to a “hold” rating in a report released on Wednesday. The firm currently has a GBX 330 ($5.62) price target on the stock, down from their previous price target of GBX 350 ($5.96). Deutsche Bank’s price objective would suggest a potential downside of 18.28% from the stock’s previous close.
Ocado Group PLC (LON:OCDO) traded up 13.75% on Wednesday, hitting GBX 403.80. 3,209,721 shares of the company’s stock traded hands. Ocado Group PLC has a 52-week low of GBX 270.90 and a 52-week high of GBX 623.50. The stock has a 50-day moving average of GBX 355.2 and a 200-day moving average of GBX 439.7. The company’s market cap is £2.352 billion.
OCDO has been the subject of a number of other recent research reports. Analysts at Shore Capital reiterated a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday. Separately, 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. Finally, 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, June 24th. They now have a “hold” rating on the stock. Four analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 399.56 ($6.81).
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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