Ocado Group plc (LON:OCDO) Given Consensus Rating of “Hold” by Brokerages

Ocado Group plc (LON:OCDO) has earned a consensus rating of “Hold” from the fourteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is GBX 2,496.15 ($33.88).

A number of equities research analysts have recently weighed in on OCDO shares. Citigroup reissued a “buy” rating and set a GBX 2,900 ($39.36) price objective on shares of Ocado Group in a report on Tuesday, December 14th. Berenberg Bank raised shares of Ocado Group to a “buy” rating and dropped their price objective for the company from GBX 2,065 ($28.03) to GBX 1,990 ($27.01) in a report on Tuesday, January 4th. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 1,800 ($24.43) price target on shares of Ocado Group in a report on Wednesday.

Shares of LON:OCDO opened at GBX 1,445 ($19.61) on Friday. The firm has a 50 day moving average of GBX 1,688.59 and a 200 day moving average of GBX 1,791.43. The company has a quick ratio of 3.85, a current ratio of 4.00 and a debt-to-equity ratio of 80.17. Ocado Group has a 52 week low of GBX 1,436.50 ($19.50) and a 52 week high of GBX 2,888 ($39.20). The company has a market capitalization of £10.86 billion and a price-to-earnings ratio of -72.61.

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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