Investment Analysts’ Recent Ratings Updates for Ocado Group PLC (OCDO)

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Several brokerages have updated their recommendations and price targets on shares of Ocado Group PLC (LON: OCDO) in the last few weeks:

9/16/2016 – Ocado Group PLC had its price target lowered by analysts at Goldman Sachs Group Inc. from GBX 615 ($8.19) to GBX 450 ($5.99). They now have a “conviction-buy” rating on the stock.
9/15/2016 – Ocado Group PLC had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 265 ($3.53) price target on the stock.
9/14/2016 – Ocado Group PLC was downgraded by analysts at BNP Paribas to an “underperform” rating. They now have a GBX 215 ($2.86) price target on the stock.
9/14/2016 – Ocado Group PLC had its price target lowered by analysts at Societe Generale from GBX 193 ($2.57) to GBX 189 ($2.52). They now have a “sell” rating on the stock.
9/14/2016 – Ocado Group PLC had its “reduce” rating reaffirmed by analysts at HSBC. They now have a GBX 190 ($2.53) price target on the stock.
9/13/2016 – Ocado Group PLC had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 400 ($5.33) price target on the stock.
9/9/2016 – Ocado Group PLC had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a GBX 265 ($3.53) price target on the stock.
8/19/2016 – Ocado Group PLC had its “conviction-buy” rating reaffirmed by analysts at Goldman Sachs Group Inc.. They now have a GBX 615 ($8.19) price target on the stock.
8/11/2016 – Ocado Group PLC had its “hold” rating reaffirmed by analysts at Deutsche Bank AG.
8/10/2016 – Ocado Group PLC had its “reduce” rating reaffirmed by analysts at HSBC. They now have a GBX 190 ($2.53) price target on the stock.
8/9/2016 – Ocado Group PLC was upgraded by analysts at Shore Capital to a “hold” rating.
8/9/2016 – Ocado Group PLC had its “buy” rating reaffirmed by analysts at Numis Securities Ltd. They now have a GBX 400 ($5.33) price target on the stock.

Ocado Group PLC (LON:OCDO) opened at 271.212 on Friday. The company’s market cap is GBX 1.61 billion. The stock’s 50 day moving average price is GBX 289.86 and its 200 day moving average price is GBX 278.92. Ocado Group PLC has a 52-week low of GBX 203.00 and a 52-week high of GBX 412.70.

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In related news, insider Tatton-Brown,Duncan bought 100,000 shares of the stock in a transaction dated Friday, July 1st. The shares were purchased at an average price of GBX 227 ($3.02) per share, for a total transaction of £227,000 ($302,344.17).
Ocado Group plc is a United Kingdom-based company engaged in 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. The Company sells groceries and other every day and specialist products to consumers placing orders through its interfaces.

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