Ocado Group PLC (OCDO) Rating Reiterated by BNP Paribas
Ocado Group PLC (LON:OCDO)‘s stock had its “underperform” rating reiterated by equities research analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 215 ($2.62) price objective on the stock. BNP Paribas’ price objective would indicate a potential downside of 15.49% from the stock’s previous close.
A number of other research analysts also recently commented on OCDO. Barclays PLC restated an “equal weight” rating and set a GBX 290 ($3.53) price objective on shares of Ocado Group PLC in a research note on Thursday, June 23rd. Morgan Stanley restated an “overweight” rating and set a GBX 420 ($5.12) price objective on shares of Ocado Group PLC in a research note on Thursday, June 23rd. Deutsche Bank AG restated a “hold” rating and set a GBX 280 ($3.41) price objective on shares of Ocado Group PLC in a research note on Friday, June 24th. Goldman Sachs Group Inc. restated a “conviction-buy” rating and set a GBX 650 ($7.92) price objective on shares of Ocado Group PLC in a research note on Monday, June 27th. Finally, Societe Generale restated a “sell” rating and set a GBX 193 ($2.35) price objective on shares of Ocado Group PLC in a research note on Tuesday, June 28th. Five research analysts have rated the stock with a sell rating, two have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Ocado Group PLC presently has a consensus rating of “Hold” and an average price target of GBX 322.08 ($3.93).
Ocado Group PLC (LON:OCDO) traded down 0.04% on Monday, hitting GBX 254.40. The stock had a trading volume of 1,301,695 shares. The stock has a 50-day moving average of GBX 277.35 and a 200-day moving average of GBX 276.34. Ocado Group PLC has a one year low of GBX 203.00 and a one year high of GBX 412.70. The company’s market cap is GBX 1.51 billion.
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In related news, insider Andrew Harrison bought 11,500 shares of Ocado Group PLC stock in a transaction dated Monday, September 26th. The stock was acquired at an average cost of GBX 258 ($3.14) per share, with a total value of £29,670 ($36,160.88).
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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