Ocado Group (LON:OCDO) was downgraded by investment analysts at Peel Hunt to a “hold” rating in a report issued on Wednesday. They currently have a GBX 1,000 ($13.07) price target on the stock, down from their prior price target of GBX 1,700 ($22.21). Peel Hunt’s target price indicates a potential upside of 4.41% from the company’s current price.
A number of other analysts also recently commented on OCDO. Numis Securities reaffirmed a “buy” rating and set a GBX 1,250 ($16.33) price target on shares of Ocado Group in a research report on Tuesday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a GBX 750 ($9.80) price target on shares of Ocado Group in a research report on Tuesday. Barclays reaffirmed an “equal weight” rating on shares of Ocado Group in a research report on Wednesday, October 10th. Finally, Bank of America reaffirmed a “buy” rating and set a GBX 1,020 ($13.33) price target on shares of Ocado Group in a research report on Tuesday, October 16th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the company’s stock. Ocado Group currently has an average rating of “Hold” and a consensus price target of GBX 763.64 ($9.98).
Shares of OCDO opened at GBX 957.80 ($12.52) on Wednesday. Ocado Group has a 12 month low of GBX 233.10 ($3.05) and a 12 month high of GBX 603.20 ($7.88).
Ocado Group Company Profile
Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.
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