Ocado Group PLC (OCDO) Receives “Under Review” Rating from Shore Capital
Ocado Group PLC (LON:OCDO)‘s stock had its “under review” rating restated by equities researchers at Shore Capital in a research report issued on Tuesday.
Several other research analysts have also weighed in on the company. HSBC Holdings plc reissued a “reduce” rating and issued a GBX 180 ($2.34) price objective on shares of Ocado Group PLC in a research report on Friday, July 21st. Credit Suisse Group reissued an “outperform” rating on shares of Ocado Group PLC in a research report on Friday, July 21st. Barclays PLC reissued an “equal weight” rating and issued a GBX 265 ($3.44) price objective on shares of Ocado Group PLC in a research report on Monday, July 10th. J P Morgan Chase & Co reissued an “overweight” rating and issued a GBX 390 ($5.06) price objective on shares of Ocado Group PLC in a research report on Thursday, July 6th. Finally, Deutsche Bank AG reissued a “sell” rating and issued a GBX 220 ($2.86) price objective on shares of Ocado Group PLC in a research report on Thursday, July 6th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of GBX 294 ($3.82).
Shares of Ocado Group PLC (LON OCDO) opened at 291.90 on Tuesday. The company’s market cap is GBX 1.75 billion. The company has a 50-day moving average price of GBX 292.72 and a 200-day moving average price of GBX 273.03. Ocado Group PLC has a 12-month low of GBX 233.00 and a 12-month high of GBX 340.00.
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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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