Ocado Group (LON:OCDO) Insider Purchases £149.64 in Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 87 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were purchased at an average price of GBX 172 per share, with a total value of £149.64.

Tim Steiner also recently made the following trade(s):

• On Friday, June 12th, Tim Steiner purchased 76 shares of Ocado Group stock. The stock was purchased at an average price of GBX 198 per share, for a total transaction of £150.48.
• On Friday, May 15th, Tim Steiner purchased 81 shares of Ocado Group stock. The stock was purchased at an average price of GBX 185 per share, for a total transaction of £149.85.

Ocado Group Stock Performance

Shares of LON:OCDO opened at GBX 165.20 on Friday. The stock has a market capitalization of £1.38 billion, a P/E ratio of 3.39 and a beta of 2.39. Ocado Group plc has a 1-year low of GBX 140.30 and a 1-year high of GBX 397.90. The company has a current ratio of 1.41, a quick ratio of 2.81 and a debt-to-equity ratio of 110.64. The business has a 50-day moving average price of GBX 190.13 and a two-hundred day moving average price of GBX 208.28.

Ocado Group (LON:OCDO) last released its earnings results on Thursday, July 16th. The company reported GBX (3.90) earnings per share (EPS) for the quarter. Ocado Group had a negative net margin of 14.29% and a negative return on equity of 15.94%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on OCDO. JPMorgan Chase & Co. reduced their price objective on shares of Ocado Group from GBX 290 to GBX 245 and set an “overweight” rating on the stock in a research note on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 310 target price on shares of Ocado Group in a research report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 277.50.

More Ocado Group News

Here are the key news stories impacting Ocado Group this week:

• Neutral Sentiment: Ocado reported quarterly earnings with EPS of GBX (3.90), but the market appeared to focus more on the company’s ongoing challenges and execution outlook than on the headline numbers. Ocado Group earnings report
• Neutral Sentiment: Insider buying by Tim Steiner and Stephen Daintith, each purchasing 87 shares at GBX 172, may signal confidence, but the trades were very small and likely have limited direct impact on the stock. Insider buying alert
• Neutral Sentiment: JPMorgan Chase & Co. cut its price target on Ocado to GBX 245 from GBX 290, but kept an overweight rating, which suggests continued long-term optimism even as near-term expectations are trimmed. JPMorgan price target update
• Negative Sentiment: Reports that Ocado shares hit a 13-year low amid weak progress in winning new U.S. partners likely weighed on sentiment, as investors remain concerned about growth prospects and commercialization momentum. Ocado shares hit 13-year low report

About Ocado Group

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.