Shares of Ocado Group PLC (LON:OCDO) have earned an average recommendation of “Hold” from the fourteen brokerages that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 1,028.33 ($13.44).
A number of equities research analysts have recently weighed in on the company. Jefferies Financial Group reissued a “hold” rating on shares of Ocado Group in a research note on Tuesday, April 9th. Peel Hunt reissued a “buy” rating on shares of Ocado Group in a research note on Tuesday, April 9th. HSBC lowered Ocado Group to a “reduce” rating and boosted their target price for the company from GBX 750 ($9.80) to GBX 900 ($11.76) in a research note on Thursday, April 11th. Numis Securities reissued a “buy” rating and issued a GBX 1,700 ($22.21) target price (up previously from GBX 1,550 ($20.25)) on shares of Ocado Group in a research note on Thursday, May 9th. Finally, JPMorgan Chase & Co. boosted their target price on Ocado Group from GBX 967 ($12.64) to GBX 1,070 ($13.98) and gave the company a “neutral” rating in a research note on Wednesday, May 8th.
In other Ocado Group news, insider Mark Richardson sold 46,932 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of GBX 1,287 ($16.82), for a total transaction of £604,014.84 ($789,252.37).
Shares of LON OCDO traded down GBX 23 ($0.30) during midday trading on Thursday, reaching GBX 1,204 ($15.73). The company had a trading volume of 2,778,730 shares, compared to its average volume of 2,950,000. Ocado Group has a one year low of GBX 730.60 ($9.55) and a one year high of GBX 1,440.50 ($18.82). The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 64.79. The firm has a market cap of $8.39 billion and a PE ratio of -174.49.
Ocado Group Company Profile
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
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