Ocado Group PLC (LON:OCDO) Stock Rating Reaffirmed by HSBC Holdings plc
Ocado Group PLC (LON:OCDO)‘s stock had its “reduce” rating reissued by HSBC Holdings plc in a note issued to investors on Friday. They presently have a GBX 180 ($2.35) price target on the stock. HSBC Holdings plc’s price target suggests a potential downside of 38.82% from the company’s previous close.
OCDO has been the subject of a number of other reports. Goldman Sachs Group, Inc. (The) reaffirmed a “conviction-buy” rating and set a GBX 440 ($5.75) price objective on shares of Ocado Group PLC in a research note on Tuesday, June 13th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday, May 9th. Jefferies Group LLC reaffirmed a “hold” rating and set a GBX 250 ($3.26) price objective on shares of Ocado Group PLC in a research note on Wednesday, June 7th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 390 ($5.09) price objective on shares of Ocado Group PLC in a research note on Wednesday, June 7th. Finally, Shore Capital reaffirmed an “under review” rating on shares of Ocado Group PLC in a research note on Tuesday, June 6th. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Ocado Group PLC presently has a consensus rating of “Hold” and a consensus target price of GBX 294 ($3.84).
Shares of Ocado Group PLC (OCDO) traded down 1.51% during midday trading on Friday, hitting GBX 294.20. The stock had a trading volume of 1,093,905 shares. Ocado Group PLC has a one year low of GBX 233.00 and a one year high of GBX 340.00. The firm’s 50-day moving average price is GBX 291.17 and its 200-day moving average price is GBX 267.10. The firm’s market capitalization is GBX 1.76 billion.
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Ocado Group PLC Company Profile
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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