Deutsche Bank reiterated their sell rating on shares of Ocado Group (LON:OCDO) in a research report sent to investors on Wednesday morning. Deutsche Bank currently has a GBX 200 ($2.80) target price on the stock.
Several other equities research analysts have also issued reports on OCDO. Goldman Sachs Group reaffirmed a conviction-buy rating and set a GBX 430 ($6.03) target price on shares of Ocado Group in a research report on Friday, November 24th. Berenberg Bank reaffirmed a hold rating and set a GBX 286 ($4.01) target price on shares of Ocado Group in a research report on Friday, November 24th. Credit Suisse Group reaffirmed an outperform rating and set a GBX 480 ($6.73) target price on shares of Ocado Group in a research report on Monday, November 27th. Citigroup reaffirmed a buy rating and set a GBX 400 ($5.61) target price on shares of Ocado Group in a research report on Tuesday, November 28th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 250 ($3.51) target price on shares of Ocado Group in a research report on Wednesday, November 29th. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Ocado Group has an average rating of Hold and an average target price of GBX 371.75 ($5.21).
Shares of Ocado Group (LON:OCDO) opened at GBX 462.50 ($6.48) 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 capitalization of $2,920.00 and a price-to-earnings ratio of 23,750.00.
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.
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