Ocado Group (OCDO) Stock Rating Reaffirmed by Numis Securities

Ocado Group (LON:OCDO)‘s stock had its “buy” rating reissued by equities researchers at Numis Securities in a research report issued to clients and investors on Wednesday. They currently have a GBX 600 ($8.41) target price on the stock. Numis Securities’ price objective would indicate a potential upside of 28.64% from the company’s previous close.

A number of other equities analysts have also weighed in on the company. Citigroup reiterated a “buy” rating and set a GBX 400 ($5.61) target price on shares of Ocado Group in a research note on Tuesday, December 12th. Peel Hunt began coverage on Ocado Group in a research note on Thursday, December 7th. They set a “buy” rating and a GBX 460 ($6.45) price objective on the stock. Credit Suisse Group restated an “outperform” rating and set a GBX 480 ($6.73) price objective on shares of Ocado Group in a research note on Monday, November 27th. Deutsche Bank restated a “sell” rating on shares of Ocado Group in a research note on Monday, November 20th. Finally, Societe Generale raised their price objective on Ocado Group from GBX 189 ($2.65) to GBX 207 ($2.90) and gave the stock a “sell” rating in a research note on Wednesday, November 29th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Ocado Group currently has a consensus rating of “Hold” and an average price target of GBX 371.75 ($5.21).

Ocado Group (OCDO) opened at GBX 466.40 ($6.54) on Wednesday. The firm has a market capitalization of $3,010.00 and a P/E ratio of 23,320.00. Ocado Group has a 52 week low of GBX 233.10 ($3.27) and a 52 week high of GBX 551.40 ($7.73).

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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)

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