Ocado Group (OCDO) Given Sell Rating at Deutsche Bank

Ocado Group (LON:OCDO)‘s stock had its “sell” rating reissued by investment analysts at Deutsche Bank in a note issued to investors on Tuesday.

Several other equities analysts have also recently issued reports on the company. Numis Securities reiterated a “buy” rating and set a GBX 400 ($5.38) target price on shares of Ocado Group in a research report on Thursday, December 14th. Peel Hunt reiterated a “buy” rating and set a GBX 460 ($6.19) target price on shares of Ocado Group in a research report on Thursday, December 14th. Citigroup reiterated a “buy” rating and set a GBX 400 ($5.38) target price on shares of Ocado Group in a research report on Tuesday, December 12th. Morgan Stanley reiterated an “overweight” rating and set a GBX 380 ($5.11) target price on shares of Ocado Group in a research report on Wednesday, November 29th. Finally, Societe Generale boosted their target price on Ocado Group from GBX 189 ($2.54) to GBX 207 ($2.79) and gave the stock a “sell” rating in a research report on Wednesday, November 29th. Five analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 316.53 ($4.26).

Ocado Group (OCDO) opened at GBX 344.60 ($4.64) on Tuesday. Ocado Group has a 52-week low of GBX 233 ($3.14) and a 52-week high of GBX 373.10 ($5.02).

In related news, insider Duncan Tatton-Brown bought 7,033 shares of Ocado Group stock in a transaction that occurred on Thursday, September 28th. The shares were purchased at an average price of GBX 283 ($3.81) per share, with a total value of £19,903.39 ($26,787.87). Also, insider Andrew Harrison bought 6,666 shares of Ocado Group stock in a transaction that occurred on Wednesday, October 11th. The stock was bought at an average cost of GBX 300 ($4.04) per share, for a total transaction of £19,998 ($26,915.21). In the last 90 days, insiders purchased 13,852 shares of company stock worth $4,035,476.

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About Ocado Group

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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