Ocado Group PLC (LON:OCDO) Stock Rating Reaffirmed by Credit Suisse Group
Ocado Group PLC (LON:OCDO)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a research report issued to clients and investors on Friday.
Several other research firms have also commented on OCDO. Numis Securities Ltd reissued a “buy” rating and issued a GBX 400 ($5.22) target price on shares of Ocado Group PLC in a report on Thursday, March 23rd. UBS AG lowered shares of Ocado Group PLC to a “sell” rating and decreased their target price for the company from GBX 425 ($5.55) to GBX 200 ($2.61) in a report on Friday, April 7th. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 440 ($5.75) target price on shares of Ocado Group PLC in a report on Wednesday, April 12th. HSBC Holdings plc reissued a “reduce” rating and issued a GBX 200 ($2.61) target price on shares of Ocado Group PLC in a report on Monday, April 24th. Finally, Deutsche Bank AG reissued a “sell” rating on shares of Ocado Group PLC in a report on Tuesday, May 9th. Five research analysts have rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Ocado Group PLC presently has an average rating of “Hold” and a consensus target price of GBX 294 ($3.84).
Shares of Ocado Group PLC (LON OCDO) opened at 294.20 on Friday. The company has a 50-day moving average of GBX 291.17 and a 200-day moving average of GBX 267.10. Ocado Group PLC has a 1-year low of GBX 233.00 and a 1-year high of GBX 340.00. The company’s market cap 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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