Ocado Group PLC (OCDO) Given Consensus Recommendation of “Hold” by Brokerages

Ocado Group PLC (LON:OCDO) has received a consensus recommendation of “Hold” from the seventeen brokerages that are currently covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is GBX 368 ($5.17).

A number of equities analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a GBX 380 ($5.34) price target on shares of Ocado Group in a research note on Wednesday, November 29th. Peel Hunt reaffirmed a “buy” rating and set a GBX 460 ($6.46) price target on shares of Ocado Group in a research note on Thursday, December 14th. Deutsche Bank reaffirmed a “sell” rating on shares of Ocado Group in a research note on Tuesday, December 19th. Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 480 ($6.74) price target on shares of Ocado Group in a research note on Monday, November 27th. Finally, Berenberg Bank assumed coverage on shares of Ocado Group in a research note on Tuesday, October 3rd. They set a “hold” rating and a GBX 286 ($4.02) price target for the company.

Shares of Ocado Group (LON:OCDO) traded up GBX 12.50 ($0.18) during trading hours on Friday, hitting GBX 503.60 ($7.07). 2,220,000 shares of the company’s stock were exchanged, compared to its average volume of 2,740,000. Ocado Group has a 1-year low of GBX 233 ($3.27) and a 1-year high of GBX 551.40 ($7.74). The stock has a market cap of $3,180.00 and a PE ratio of 25,180.00.

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Ocado Group 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 (LON:OCDO)

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