Ocado Group PLC Earns “Buy” Rating from Numis Securities Ltd (OCDO)
Ocado Group PLC (LON:OCDO)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities Ltd in a note issued to investors on Thursday. They currently have a GBX 500 ($8.30) price objective on the stock. Numis Securities Ltd’s target price suggests a potential upside of 54.22% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “hold” rating on shares of Ocado Group PLC in a research note on Wednesday. They now have a GBX 330 ($5.48) price target on the stock. Separately, 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. Finally, 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. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 399.56 ($6.63).
Shares of Ocado Group PLC (LON:OCDO) opened at 323.60 on Thursday. Ocado Group PLC has a 52-week low of GBX 294.40 and a 52-week high of GBX 623.50. The stock’s 50-day moving average is GBX 354.1 and its 200-day moving average is GBX 396.9. The company’s market cap is £1.882 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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