Peel Hunt Reiterates “Buy” Rating for Ocado Group (OCDO)

Ocado Group (LON:OCDO)‘s stock had its “buy” rating reaffirmed by Peel Hunt in a research note issued to investors on Friday. They presently have a GBX 460 ($6.24) target price on the stock. Peel Hunt’s price objective suggests a potential upside of 11.03% from the stock’s current price.

Other equities analysts also recently issued research reports about the company. Citigroup reaffirmed a “buy” rating and issued a GBX 400 ($5.42) price objective on shares of Ocado Group in a research report on Tuesday, November 28th. Numis Securities reissued a “buy” rating and set a GBX 400 ($5.42) price target on shares of Ocado Group in a research report on Thursday, December 14th. Goldman Sachs Group reissued a “conviction-buy” rating and set a GBX 430 ($5.83) price target on shares of Ocado Group in a research report on Friday, November 24th. Barclays reissued an “equal weight” rating and set a GBX 265 ($3.59) price target on shares of Ocado Group in a research report on Friday, January 12th. Finally, Jefferies Group reissued a “hold” rating and set a GBX 250 ($3.39) price target on shares of Ocado Group in a research report on Wednesday, November 29th. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of GBX 316.53 ($4.29).

Ocado Group (LON:OCDO) opened at GBX 414.30 ($5.62) on Friday. The company has a market capitalization of $2,630.00 and a price-to-earnings ratio of 20,715.00. Ocado Group has a 12-month low of GBX 233 ($3.16) and a 12-month high of GBX 444.70 ($6.03).

TRADEMARK VIOLATION WARNING: This news story was first published by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/01/19/peel-hunt-reiterates-buy-rating-for-ocado-group-ocdo.html.

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.

Analyst Recommendations for Ocado Group (LON:OCDO)

Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply