Ocado Group PLC Given Hold Rating at Jefferies Group (OCDO)
Ocado Group PLC (LON:OCDO)‘s stock had its “hold” rating reaffirmed by equities researchers at Jefferies Group in a research report issued on Wednesday. They currently have a GBX 330 ($5.48) price objective on the stock. Jefferies Group’s price target points to a potential upside of 1.16% from the stock’s previous close.
Shares of Ocado Group PLC (LON:OCDO) traded down 2.78% on Wednesday, hitting GBX 324.22. 1,694,190 shares of the company’s stock traded hands. Ocado Group PLC has a one year low of GBX 294.40 and a one year high of GBX 623.50. The stock’s 50-day moving average is GBX 355.9 and its 200-day moving average is GBX 398.7. The company’s market cap is £1.886 billion.
OCDO has been the subject of a number of other recent research reports. 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 ($4.15) 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 ($5.48) price target on the stock. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ocado Group PLC from GBX 500 ($8.30) to GBX 476 ($7.90) in a research note on Wednesday, July 2nd. They now have an “overweight” rating on the stock. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Ocado Group PLC currently has an average rating of “Hold” and an average price target of GBX 399.56 ($6.63).
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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