Ocado Group PLC (LON:OCDO) insider Neill Abrams bought 12 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were purchased at an average cost of GBX 1,303 ($17.14) per share, for a total transaction of £156.36 ($205.68).
LON OCDO traded down GBX 18.50 ($0.24) during trading on Thursday, reaching GBX 1,320 ($17.36). 1,077,252 shares of the company’s stock were exchanged, compared to its average volume of 2,950,000. Ocado Group PLC has a fifty-two week low of GBX 814.20 ($10.71) and a fifty-two week high of GBX 1,440.50 ($18.95). The firm has a market capitalization of $9.41 billion and a PE ratio of -53.44. The company has a current ratio of 1.37, a quick ratio of 1.23 and a debt-to-equity ratio of 94.24. The company’s fifty day simple moving average is GBX 1,255.48 and its 200-day simple moving average is GBX 1,245.50.
A number of equities analysts recently weighed in on the company. Peel Hunt reissued a “buy” rating on shares of Ocado Group in a research note on Wednesday, December 18th. Peel Hunt reissued a “buy” rating and issued a GBX 1,700 ($22.36) price target on shares of Ocado Group in a research note on Friday, November 29th. Barclays reissued an “equal weight” rating on shares of Ocado Group in a research note on Tuesday, November 26th. JPMorgan Chase & Co. cut Ocado Group to an “underweight” rating and dropped their price target for the stock from GBX 1,073 ($14.11) to GBX 1,050 ($13.81) in a research note on Monday, October 14th. Finally, Berenberg Bank raised Ocado Group to a “buy” rating and lifted their price target for the stock from GBX 876 ($11.52) to GBX 1,635 ($21.51) in a research note on Tuesday, December 10th. Four research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of GBX 1,251.15 ($16.46).
About Ocado Group
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
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