Ocado Group (LON:OCDO)‘s stock had its “sell” rating reaffirmed by equities research analysts at Deutsche Bank in a research report issued on Friday. They currently have a GBX 200 ($2.71) price objective on the stock. Deutsche Bank’s target price points to a potential downside of 51.57% from the company’s previous close.
Several other research firms have also commented on OCDO. Morgan Stanley reissued an “overweight” rating and set a GBX 380 ($5.15) price target on shares of Ocado Group in a research report on Wednesday, November 29th. Peel Hunt reissued a “buy” rating and set a GBX 460 ($6.24) price target on shares of Ocado Group in a research report on Thursday, December 14th. Credit Suisse Group reissued an “outperform” rating and set a GBX 480 ($6.51) price target on shares of Ocado Group in a research report on Monday, November 27th. Berenberg Bank initiated coverage on Ocado Group in a research report on Tuesday, October 3rd. They set a “hold” rating and a GBX 286 ($3.88) price target on the stock. Finally, Goldman Sachs Group reduced their price target on Ocado Group from GBX 440 ($5.97) to GBX 430 ($5.83) and set a “conviction-buy” rating on the stock in a research report on Friday, September 22nd. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given 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 a consensus price target of GBX 316.53 ($4.29).
Ocado Group (LON OCDO) traded down GBX 2 ($0.03) during midday trading on Friday, hitting GBX 413 ($5.60). The stock had a trading volume of 1,492,902 shares, compared to its average volume of 2,060,000. The firm has a market cap of $2,610.00 and a price-to-earnings ratio of 20,650.00. Ocado Group has a fifty-two week low of GBX 233 ($3.16) and a fifty-two week high of GBX 444.70 ($6.03).
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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