Peel Hunt Initiates Coverage on Ocado Group (OCDO)
Equities researchers at Peel Hunt initiated coverage on shares of Ocado Group (LON:OCDO) in a report issued on Thursday. The firm set a “buy” rating and a GBX 460 ($6.19) price target on the stock. Peel Hunt’s price objective points to a potential upside of 29.25% from the stock’s current price.
OCDO has been the subject of a number of other research reports. Deutsche Bank reaffirmed a “sell” rating on shares of Ocado Group in a report on Monday, November 20th. reaffirmed a “reduce” rating and issued a GBX 180 ($2.42) price objective on shares of Ocado Group in a report on Friday, September 15th. Morgan Stanley reaffirmed an “overweight” rating and issued a GBX 380 ($5.11) price objective on shares of Ocado Group in a report on Wednesday, October 4th. Berenberg Bank started coverage on shares of Ocado Group in a report on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.85) price objective for the company. Finally, Numis Securities reaffirmed a “buy” rating and issued a GBX 400 ($5.38) price objective on shares of Ocado Group in a report on Tuesday, September 19th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 316.53 ($4.26).
Ocado Group (LON:OCDO) traded up GBX 3.90 ($0.05) during trading on Thursday, reaching GBX 355.90 ($4.79). 2,910,000 shares of the company’s stock were exchanged, compared to its average volume of 3,500,000. Ocado Group has a 1 year low of GBX 233 ($3.14) and a 1 year high of GBX 373.10 ($5.02).
Ocado Group 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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