Ocado Group (LON:OCDO) Earns “Buy” Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Ocado Group (LON:OCDO) in a research report released on Monday, ThisIsMoney.Co.Uk reports.

Several other analysts also recently weighed in on OCDO. JPMorgan Chase & Co. lifted their price objective on Ocado Group from GBX 1,070 ($13.98) to GBX 1,073 ($14.02) and gave the company a neutral rating in a report on Monday, August 19th. Royal Bank of Canada restated a sector perform rating and issued a GBX 1,000 ($13.07) price objective on shares of Ocado Group in a report on Tuesday, July 9th. Numis Securities restated a buy rating on shares of Ocado Group in a report on Monday, June 10th. Investec restated a sell rating and issued a GBX 880 ($11.50) price objective on shares of Ocado Group in a report on Wednesday, August 28th. Finally, Jefferies Financial Group lifted their price objective on Ocado Group from GBX 460 ($6.01) to GBX 600 ($7.84) and gave the company a hold rating in a report on Monday, June 3rd. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. Ocado Group currently has a consensus rating of Hold and a consensus target price of GBX 1,141.92 ($14.92).

OCDO stock opened at GBX 1,352 ($17.67) on Monday. The company has a debt-to-equity ratio of 94.24, a current ratio of 1.37 and a quick ratio of 1.23. The business has a 50-day moving average price of GBX 1,223.18 and a 200 day moving average price of GBX 1,217.01. The company has a market capitalization of $9.63 billion and a P/E ratio of -54.74. Ocado Group has a 1-year low of GBX 730.60 ($9.55) and a 1-year high of GBX 1,440.50 ($18.82).

In related news, insider Neill Abrams bought 1,610 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were bought at an average price of GBX 1,117 ($14.60) per share, for a total transaction of £17,983.70 ($23,498.89). Also, insider Luke Jensen bought 10,000 shares of the business’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of GBX 1,153 ($15.07) per share, for a total transaction of £115,300 ($150,659.87). Insiders acquired 11,623 shares of company stock worth $13,343,450 in the last quarter.

About Ocado Group

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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Analyst Recommendations for Ocado Group (LON:OCDO)

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