Ocado Group’s (OCDO) “Buy” Rating Reaffirmed at Citigroup

Citigroup restated their buy rating on shares of Ocado Group (LON:OCDO) in a research note issued to investors on Wednesday morning. Citigroup currently has a GBX 400 ($5.61) price objective on the stock.

Several other research firms have also recently issued reports on OCDO. Morgan Stanley reissued an overweight rating and issued a GBX 380 ($5.33) target price on shares of Ocado Group in a research report on Wednesday, November 29th. Peel Hunt reissued a buy rating and issued a GBX 460 ($6.45) target price on shares of Ocado Group in a research report on Thursday, December 14th. Deutsche Bank reissued a sell rating on shares of Ocado Group in a research report on Tuesday, December 19th. Credit Suisse Group reissued an outperform rating and issued a GBX 480 ($6.73) target price on shares of Ocado Group in a research report on Monday, November 27th. Finally, Numis Securities reissued a buy rating and issued a GBX 400 ($5.61) target price on shares of Ocado Group in a research report on Thursday, December 14th. Five research analysts have rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Ocado Group has a consensus rating of Hold and a consensus price target of GBX 371.75 ($5.21).

Shares of Ocado Group (OCDO) opened at GBX 472.80 ($6.63) on Wednesday. Ocado Group has a 12-month low of GBX 233.10 ($3.27) and a 12-month high of GBX 551.40 ($7.73). The stock has a market cap of $2,970.00 and a P/E ratio of 23,750.00.

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Ocado Group Company Profile

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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