Berenberg Bank initiated coverage on shares of Ocado Group PLC (LON:OCDO) in a research note released on Tuesday. The firm issued a hold rating and a GBX 286 ($3.79) price objective on the stock.

OCDO has been the subject of a number of other reports. Deutsche Bank AG reiterated a sell rating and set a GBX 220 ($2.92) price objective on shares of Ocado Group PLC in a research report on Friday, September 1st. HSBC Holdings plc restated a reduce rating and issued a GBX 180 ($2.39) target price on shares of Ocado Group PLC in a research report on Monday, September 25th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 400 ($5.31) target price on shares of Ocado Group PLC in a research note on Tuesday, June 13th. Jefferies Group LLC reaffirmed a hold rating and set a GBX 250 ($3.32) target price on shares of Ocado Group PLC in a research note on Wednesday, June 7th. Finally, Citigroup Inc. reaffirmed a buy rating and set a GBX 400 ($5.31) target price on shares of Ocado Group PLC in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of GBX 313.92 ($4.16).

Shares of Ocado Group PLC (OCDO) traded down 0.77% during midday trading on Tuesday, reaching GBX 297.40. 1,380,274 shares of the company’s stock were exchanged. The company’s 50 day moving average is GBX 295.03 and its 200-day moving average is GBX 282.49. The stock’s market cap is GBX 1.78 billion. Ocado Group PLC has a 12 month low of GBX 233.00 and a 12 month high of GBX 340.00.

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In other Ocado Group PLC news, insider Emma Lloyd bought 17,300 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The shares were bought at an average price of GBX 285 ($3.78) per share, for a total transaction of £49,305 ($65,399.92). Also, insider Duncan Tatton-Brown bought 7,033 shares of the business’s stock in a transaction that occurred on Thursday, September 28th. The shares were acquired at an average price of GBX 283 ($3.75) per share, for a total transaction of £19,903.39 ($26,400.57). Over the last three months, insiders bought 24,488 shares of company stock valued at $6,965,802.

Ocado Group PLC Company Profile

Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are 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, derived from the United Kingdom.

Analyst Recommendations for Ocado Group PLC (LON:OCDO)

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