Ocado Group (OCDO) Receives “Overweight” Rating from JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their overweight rating on shares of Ocado Group (LON:OCDO) in a research note published on Wednesday morning.

A number of other equities research analysts have also recently commented on OCDO. Deutsche Bank reaffirmed a sell rating and set a GBX 200 ($2.80) price objective on shares of Ocado Group in a research note on Wednesday. Citigroup reaffirmed a buy rating and set a GBX 400 ($5.61) price objective on shares of Ocado Group in a research note on Wednesday. Shore Capital reaffirmed a not rated rating on shares of Ocado Group in a research note on Tuesday, February 6th. Peel Hunt reaffirmed a buy rating and set a GBX 520 ($7.29) price objective on shares of Ocado Group in a research note on Thursday, February 1st. Finally, Royal Bank of Canada raised their price objective on shares of Ocado Group from GBX 320 ($4.49) to GBX 525 ($7.36) and gave the stock a sector performer rating in a research note on Friday, January 26th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of GBX 371.75 ($5.21).

Shares of Ocado Group (LON:OCDO) opened at GBX 462.50 ($6.48) on Wednesday. The company has a market cap of $2,920.00 and a P/E ratio of 23,750.00. Ocado Group has a one year low of GBX 233.10 ($3.27) and a one year high of GBX 551.40 ($7.73).

ILLEGAL ACTIVITY NOTICE: This piece was first published by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The correct version of this piece can be read at https://sportsperspectives.com/2018/02/11/ocado-group-ocdo-receives-overweight-rating-from-jpmorgan-chase-co.html.

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)

Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply