Ocado Group PLC (OCDO) Receives GBX 618.67 Consensus Target Price from Brokerages

Shares of Ocado Group PLC (LON:OCDO) have received an average rating of “Hold” from the twenty brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is GBX 681.80 ($8.91).

A number of research analysts recently commented on the stock. Numis Securities reiterated a “buy” rating and set a GBX 1,250 ($16.33) price objective on shares of Ocado Group in a research note on Tuesday. Peel Hunt reiterated a “buy” rating on shares of Ocado Group in a research note on Tuesday. Barclays reiterated an “equal weight” rating on shares of Ocado Group in a research note on Wednesday, October 10th. HSBC reiterated a “hold” rating on shares of Ocado Group in a research note on Thursday, July 5th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a GBX 750 ($9.80) price objective on shares of Ocado Group in a research note on Tuesday, July 10th.

OCDO opened at GBX 840.60 ($10.98) on Friday. Ocado Group has a twelve month low of GBX 233.10 ($3.05) and a twelve month high of GBX 603.20 ($7.88).

In other Ocado Group news, insider Luke Jensen purchased 12,658 shares of the firm’s stock in a transaction on Monday, October 8th. The shares were purchased at an average price of GBX 790 ($10.32) per share, for a total transaction of £99,998.20 ($130,665.36). Also, insider Tim Steiner sold 4,791,200 shares of Ocado Group stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of GBX 1,060 ($13.85), for a total transaction of £50,786,720 ($66,361,845.03). In the last 90 days, insiders acquired 12,689 shares of company stock worth $10,030,165.

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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