Ocado Group PLC (OCDO) Insider Acquires £19,998 in Stock
Ocado Group PLC (LON:OCDO) insider Andrew Harrison purchased 6,666 shares of the firm’s stock in a transaction on Wednesday, October 11th. The shares were purchased at an average price of GBX 300 ($3.94) per share, for a total transaction of £19,998 ($26,292.40).
Ocado Group PLC (LON:OCDO) traded up 1.62% during mid-day trading on Wednesday, hitting GBX 301.80. The stock had a trading volume of 1,144,941 shares. The company has a 50 day moving average price of GBX 296.18 and a 200-day moving average price of GBX 284.43. The company’s market cap is GBX 1.81 billion. Ocado Group PLC has a one year low of GBX 233.00 and a one year high of GBX 340.00.
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A number of research firms have commented on OCDO. Deutsche Bank AG restated a “sell” rating and set a GBX 220 ($2.89) price target on shares of Ocado Group PLC in a research note on Friday, September 1st. Shore Capital restated an “under review” rating on shares of Ocado Group PLC in a research note on Tuesday, August 22nd. HSBC Holdings plc restated a “reduce” rating and set a GBX 180 ($2.37) price target on shares of Ocado Group PLC in a research note on Tuesday, July 4th. J P Morgan Chase & Co restated an “overweight” rating and set a GBX 390 ($5.13) price target on shares of Ocado Group PLC in a research note on Thursday, July 6th. Finally, Credit Suisse Group upped their price target on Ocado Group PLC from GBX 455 ($5.98) to GBX 480 ($6.31) and gave the stock an “outperform” rating in a research note on Thursday, July 13th. Four analysts have rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 313.92 ($4.13).
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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