Ocado Group PLC’s (OCDO) “Sell” Rating Reaffirmed at Deutsche Bank AG
Ocado Group PLC (LON:OCDO)‘s stock had its “sell” rating reissued by investment analysts at Deutsche Bank AG in a research note issued on Thursday. They currently have a GBX 220 ($2.84) target price on the stock. Deutsche Bank AG’s target price points to a potential downside of 26.35% from the company’s previous close.
OCDO has been the topic of several other reports. Shore Capital reissued an “under review” rating on shares of Ocado Group PLC in a research report on Tuesday, August 22nd. Goldman Sachs Group, Inc. (The) reissued a “conviction-buy” rating and set a GBX 440 ($5.68) price target on shares of Ocado Group PLC in a research report on Monday, June 5th. Credit Suisse Group reissued an “outperform” rating and set a GBX 410 ($5.30) price target on shares of Ocado Group PLC in a research report on Friday, May 26th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 180 ($2.32) price target on shares of Ocado Group PLC in a research report on Tuesday, July 4th. Finally, J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 390 ($5.04) price target on shares of Ocado Group PLC in a research report on Thursday, July 6th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 313.18 ($4.04).
Shares of Ocado Group PLC (LON:OCDO) traded up 0.13% during mid-day trading on Thursday, hitting GBX 298.70. The company had a trading volume of 1,738,256 shares. The firm’s 50-day moving average price is GBX 298.82 and its 200 day moving average price is GBX 279.19. Ocado Group PLC has a one year low of GBX 233.00 and a one year high of GBX 340.00. The company’s market capitalization is GBX 1.79 billion.
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In other Ocado Group PLC news, insider Emma Lloyd bought 17,300 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were purchased at an average price of GBX 285 ($3.68) per share, for a total transaction of £49,305 ($63,676.87). In the last 90 days, insiders have acquired 17,405 shares of company stock worth $4,960,563.
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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