Ocado Group (OCDO) Stock Rating Reaffirmed by Barclays
Ocado Group (LON:OCDO)‘s stock had its “equal weight” rating reaffirmed by Barclays in a research report issued on Friday. They presently have a GBX 265 ($3.59) price target on the stock. Barclays’ price target would indicate a potential downside of 38.20% from the stock’s current price.
Several other research firms have also recently weighed in on OCDO. Deutsche Bank restated a “sell” rating and set a GBX 200 ($2.71) price target on shares of Ocado Group in a report on Monday, January 8th. Peel Hunt restated a “buy” rating and set a GBX 460 ($6.24) price target on shares of Ocado Group in a report on Wednesday, January 3rd. Citigroup restated a “buy” rating and set a GBX 400 ($5.42) price target on shares of Ocado Group in a report on Tuesday, December 12th. Numis Securities restated a “buy” rating and set a GBX 400 ($5.42) price target on shares of Ocado Group in a report on Thursday, December 14th. Finally, Societe Generale boosted their price target on Ocado Group from GBX 189 ($2.56) to GBX 207 ($2.81) and gave the stock a “sell” rating in a report on Wednesday, November 29th. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of GBX 316.53 ($4.29).
Ocado Group (LON OCDO) traded up GBX 18.80 ($0.25) during trading hours on Friday, hitting GBX 428.80 ($5.82). The stock had a trading volume of 2,888,477 shares, compared to its average volume of 2,460,000. The company has a market capitalization of $2,700.00 and a PE ratio of 21,440.00. Ocado Group has a 52 week low of GBX 233 ($3.16) and a 52 week high of GBX 444.70 ($6.03).
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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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