Ocado Group PLC Given Average Recommendation of “Hold” by Brokerages (LON:OCDO)
Ocado Group PLC (LON:OCDO) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, ARN reports. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is GBX 399.56 ($6.70).
A number of research firms have recently commented on OCDO. Analysts at Barclays reiterated an “underweight” rating on shares of Ocado Group PLC in a research note on Wednesday, August 6th. They now have a GBX 250 ($4.19) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of Ocado Group PLC in a research note on Monday, July 14th. They now have a GBX 330 ($5.54) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ocado Group PLC from GBX 500 ($8.39) to GBX 476 ($7.99) in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock.
Ocado Group PLC (LON:OCDO) opened at 329.90 on Thursday. Ocado Group PLC has a 1-year low of GBX 270.90 and a 1-year high of GBX 623.50. The stock has a 50-day moving average of GBX 368.8 and a 200-day moving average of GBX 421.2. The company’s market cap is £1.919 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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