Ocado Group PLC (OCDO) Earns Equal Weight Rating from Barclays PLC
Ocado Group PLC (LON:OCDO)‘s stock had its “equal weight” rating reiterated by investment analysts at Barclays PLC in a research report issued on Thursday. They presently have a GBX 265 ($3.53) price objective on the stock. Barclays PLC’s price objective indicates a potential upside of 3.11% from the company’s current price.
OCDO has been the subject of several other research reports. Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 400 ($5.33) price target on shares of Ocado Group PLC in a research note on Tuesday, June 28th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 280 ($3.73) price target on shares of Ocado Group PLC in a research note on Friday, June 24th. HSBC reissued a “reduce” rating and issued a GBX 190 ($2.53) price objective on shares of Ocado Group PLC in a research note on Wednesday. Shore Capital reissued a “sell” rating on shares of Ocado Group PLC in a research note on Tuesday, June 28th. Finally, BNP Paribas downgraded shares of Ocado Group PLC to an “underperform” rating and set a GBX 215 ($2.86) price objective for the company. in a research note on Wednesday. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 341.67 ($4.55).
Ocado Group PLC (LON:OCDO) opened at 257.00 on Thursday. Ocado Group PLC has a 1-year low of GBX 203.00 and a 1-year high of GBX 412.70. The stock’s market capitalization is GBX 1.52 billion. The stock has a 50 day moving average price of GBX 289.48 and a 200-day moving average price of GBX 278.70.
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In related news, insider Tatton-Brown,Duncan acquired 100,000 shares of the company’s stock in a transaction dated Friday, July 1st. The shares were purchased at an average cost of GBX 227 ($3.02) per share, with a total value of £227,000 ($302,344.17).
Ocado Group PLC Company Profile
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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