Barclays PLC Lowers Ocado Group PLC (OCDO) to Sell
Ocado Group PLC (LON:OCDO) was downgraded by Barclays PLC to a “sell” rating in a report issued on Wednesday. They presently have a GBX 220 ($2.87) price target on the stock. Barclays PLC’s price objective would indicate a potential downside of 13.56% from the company’s current price.
Other research analysts have also recently issued reports about the company. Societe Generale reaffirmed a “sell” rating and set a GBX 193 ($2.52) price objective on shares of Ocado Group PLC in a research report on Tuesday, June 28th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Ocado Group PLC in a research report on Thursday, August 11th. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 400 ($5.22) price objective on shares of Ocado Group PLC in a research report on Tuesday, September 13th. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 420 ($5.48) price objective on shares of Ocado Group PLC in a research report on Thursday, June 23rd. Finally, Goldman Sachs Group Inc. reaffirmed a “conviction-buy” rating and set a GBX 650 ($8.48) price objective on shares of Ocado Group PLC in a research report on Monday, June 27th. Five equities research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 324.17 ($4.23).
Ocado Group PLC (LON:OCDO) traded down 5.32% during midday trading on Wednesday, hitting GBX 254.50. The stock had a trading volume of 3,521,420 shares. The firm’s market cap is GBX 1.51 billion. The stock has a 50-day moving average of GBX 289.70 and a 200-day moving average of GBX 279.20. Ocado Group PLC has a 52 week low of GBX 203.00 and a 52 week high of GBX 412.70.
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In other news, insider Tatton-Brown,Duncan bought 100,000 shares of the stock in a transaction dated Friday, July 1st. The shares were bought at an average price of GBX 227 ($2.96) per share, for a total transaction of £227,000 ($296,305.97).
Ocado Group PLC Company Profile
Ocado Group plc is a United Kingdom-based company engaged in grocery retailing and the development and monetization of intellectual property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.
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