Ocado Group PLC (LON:OCDO) Given Average Rating of “Hold” by Analysts
Shares of Ocado Group PLC (LON:OCDO) have been assigned a consensus rating of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell recommendation, two have given a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 275.40 ($3.63).
A number of analysts have weighed in on OCDO shares. UBS AG cut shares of Ocado Group PLC to a “sell” rating and decreased their target price for the stock from GBX 425 ($5.61) to GBX 200 ($2.64) in a research note on Friday, April 7th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a GBX 440 ($5.80) target price on shares of Ocado Group PLC in a research note on Wednesday, April 12th. HSBC Holdings plc reaffirmed a “reduce” rating and set a GBX 200 ($2.64) target price on shares of Ocado Group PLC in a research note on Monday, April 24th. Deutsche Bank AG reaffirmed a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday, May 9th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 410 ($5.41) target price on shares of Ocado Group PLC in a research note on Friday, May 26th.
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Ocado Group PLC (OCDO) traded up 2.16% on Friday, reaching GBX 312.50. The company’s stock had a trading volume of 1,531,099 shares. The firm’s market cap is GBX 1.87 billion. The firm’s 50 day moving average is GBX 291.44 and its 200-day moving average is GBX 269.24. Ocado Group PLC has a 12 month low of GBX 233.00 and a 12 month high of GBX 340.00.
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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