Ocado Group plc (LON:OCDO) Given Average Rating of “Hold” by Analysts

Shares of Ocado Group plc (LON:OCDO) have earned a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is GBX 2,496.15 ($33.88).

A number of research firms have commented on OCDO. Berenberg Bank raised Ocado Group to a “buy” rating and lowered their price target for the company from GBX 2,065 ($28.03) to GBX 1,990 ($27.01) in a research report on Tuesday, January 4th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 1,800 ($24.43) price target on shares of Ocado Group in a research report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating and set a GBX 2,900 ($39.36) price target on shares of Ocado Group in a research report on Tuesday, December 14th.

LON OCDO opened at GBX 1,445 ($19.61) on Friday. Ocado Group has a 1-year low of GBX 1,436.50 ($19.50) and a 1-year high of GBX 2,888 ($39.20). The company has a current ratio of 4.00, a quick ratio of 3.85 and a debt-to-equity ratio of 80.17. The stock has a 50-day moving average of GBX 1,688.59 and a 200-day moving average of GBX 1,791.43. The firm has a market cap of £10.86 billion and a PE ratio of -72.61.

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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