Ocado Group PLC (OCDO) Earns “Outperform” Rating from Credit Suisse Group AG
Ocado Group PLC (LON:OCDO)‘s stock had its “outperform” rating reiterated by equities research analysts at Credit Suisse Group AG in a research note issued on Friday. They currently have a GBX 410 ($5.33) target price on the stock. Credit Suisse Group AG’s price objective suggests a potential upside of 30.99% from the company’s current price.
OCDO has been the topic of several other research reports. JPMorgan Chase & Co. reduced their price target on shares of Ocado Group PLC from GBX 476 ($6.19) to GBX 390 ($5.07) and set an “overweight” rating on the stock in a report on Wednesday, February 1st. Shore Capital reaffirmed an “under review” rating on shares of Ocado Group PLC in a report on Tuesday, January 31st. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 400 ($5.20) price target on shares of Ocado Group PLC in a report on Tuesday, January 31st. HSBC Holdings plc reaffirmed a “reduce” rating and issued a GBX 200 ($2.60) price target on shares of Ocado Group PLC in a report on Wednesday, February 15th. Finally, Deutsche Bank AG reaffirmed a “sell” rating on shares of Ocado Group PLC in a report on Tuesday, May 9th. Four research analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of GBX 309.45 ($4.03).
Ocado Group PLC (LON:OCDO) traded up 2.15% on Friday, hitting GBX 313.00. 3,245,146 shares of the company traded hands. The stock’s 50-day moving average is GBX 264.71 and its 200 day moving average is GBX 258.82. Ocado Group PLC has a 12 month low of GBX 203.00 and a 12 month high of GBX 326.00. The stock’s market cap is GBX 1.87 billion.
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In related news, insider Tim Steiner sold 35,158 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of GBX 249 ($3.24), for a total transaction of £87,543.42 ($113,885.03). Insiders have purchased 175 shares of company stock valued at $44,755 in the last ninety days.
About Ocado Group PLC
Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are 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, derived from the United Kingdom.
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