Ocado Group’s (OCDO) Buy Rating Reiterated at Citigroup
OCDO has been the subject of several other research reports. Peel Hunt upgraded MJ Gleeson to a hold rating and increased their price target for the stock from GBX 715 ($9.34) to GBX 745 ($9.73) in a research note on Thursday, July 4th. Bank of America cut their price target on 3D Systems from $10.00 to $9.00 and set an underperform rating for the company in a research note on Wednesday, May 8th. Numis Securities upgraded AJ Bell to a hold rating in a research note on Monday, June 10th. Royal Bank of Canada reiterated a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a research note on Tuesday. Finally, JPMorgan Chase & Co. increased their price target on LYFT from $82.00 to $86.00 in a research note on Wednesday, May 8th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Ocado Group presently has an average rating of Hold and an average target price of GBX 1,150 ($15.03).
OCDO stock opened at GBX 1,143.50 ($14.94) on Wednesday. The company has a debt-to-equity ratio of 64.79, a current ratio of 1.75 and a quick ratio of 1.53. The company has a market cap of $8.08 billion and a P/E ratio of -165.72. Ocado Group has a fifty-two week low of GBX 730.60 ($9.55) and a fifty-two week high of GBX 1,440.50 ($18.82). The business’s fifty day moving average price is GBX 1,168.99.
About Ocado Group
Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.
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