Ocado (OCDO) Rating Reiterated by Peel Hunt

Peel Hunt reissued their buy rating on shares of Ocado (LON:OCDO) in a research note published on Wednesday. They currently have a GBX 570 ($8.06) price objective on the stock.

OCDO has been the subject of a number of other reports. Deutsche Bank reiterated a sell rating and issued a GBX 200 ($2.83) price objective on shares of Ocado in a research note on Friday, January 19th. Credit Suisse Group reiterated an outperform rating and issued a GBX 480 ($6.78) price objective on shares of Ocado in a research note on Monday, January 22nd. Morgan Stanley lifted their price objective on shares of Ocado from GBX 380 ($5.37) to GBX 545 ($7.70) and gave the company an overweight rating in a research note on Thursday, January 25th. Royal Bank of Canada lifted their price objective on shares of Ocado from GBX 320 ($4.52) to GBX 525 ($7.42) and gave the company a sector performer rating in a research note on Friday, January 26th. Finally, Citigroup reiterated a buy rating and issued a GBX 400 ($5.65) price objective on shares of Ocado in a research note on Tuesday, December 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company has an average rating of Hold and a consensus price target of GBX 418.43 ($5.91).

How to Become a New Pot Stock Millionaire

Ocado stock opened at GBX 517.80 ($7.32) on Wednesday. Ocado has a 1-year low of GBX 233.10 ($3.29) and a 1-year high of GBX 603.20 ($8.53).

In other news, insider Neill Abrams purchased 3,293 shares of the business’s stock in a transaction on Thursday, March 22nd. The stock was purchased at an average cost of GBX 566 ($8.00) per share, with a total value of £18,638.38 ($26,344.00). Also, insider Tim Steiner sold 4,500,000 shares of the firm’s stock in a transaction on Monday, March 5th. The shares were sold at an average price of GBX 540 ($7.63), for a total transaction of £24,300,000 ($34,346,289.75). Over the last three months, insiders acquired 3,386 shares of company stock valued at $1,909,017.

TRADEMARK VIOLATION NOTICE: “Ocado (OCDO) Rating Reiterated by Peel Hunt” was originally published by Week Herald and is the sole property of of Week Herald. If you are reading this piece on another site, it was illegally stolen and reposted in violation of international copyright and trademark law. The legal version of this piece can be viewed at https://weekherald.com/2018/04/15/ocado-ocdo-rating-reiterated-by-peel-hunt.html.

Ocado Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.

Analyst Recommendations for Ocado (LON:OCDO)

Receive News & Ratings for Ocado Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply