Ocado Group PLC (OCDO) Receives GBX 324.86 Average Target Price from Analysts
Shares of Ocado Group PLC (LON:OCDO) have been given an average rating of “Hold” by the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 324.86 ($4.34).
OCDO has been the subject of several recent research reports. Citigroup reaffirmed a “buy” rating and set a GBX 400 ($5.35) price target on shares of Ocado Group in a report on Tuesday, December 12th. Peel Hunt initiated coverage on Ocado Group in a report on Thursday, December 7th. They set a “buy” rating and a GBX 460 ($6.15) price target for the company. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 480 ($6.42) price target on shares of Ocado Group in a report on Monday, November 27th. Deutsche Bank reaffirmed a “sell” rating on shares of Ocado Group in a report on Monday, November 20th. Finally, Societe Generale increased their price target on Ocado Group from GBX 189 ($2.53) to GBX 207 ($2.77) and gave the stock a “sell” rating in a report on Wednesday, November 29th.
Ocado Group (OCDO) traded down GBX 0.60 ($0.01) during mid-day trading on Monday, hitting GBX 437.20 ($5.85). The stock had a trading volume of 3,320,000 shares, compared to its average volume of 3,250,000. The firm has a market capitalization of $2,760.00 and a P/E ratio of 21,860.00. Ocado Group has a 1-year low of GBX 233 ($3.12) and a 1-year high of GBX 444.70 ($5.95).
About Ocado Group
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.
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