Several other research firms have also recently weighed in on OCDO. Morgan Stanley restated an overweight rating and set a GBX 380 ($5.44) price target on shares of Ocado in a report on Wednesday, November 29th. Deutsche Bank restated a sell rating on shares of Ocado in a report on Tuesday, December 19th. Numis Securities cut Ocado to an add rating and set a GBX 650 ($9.31) price target on the stock. in a report on Tuesday, March 20th. Credit Suisse Group restated an outperform rating and set a GBX 480 ($6.87) price target on shares of Ocado in a report on Monday, November 27th. Finally, JPMorgan Chase restated an overweight rating on shares of Ocado in a report on Wednesday, February 7th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of GBX 418.43 ($5.99).
Shares of LON:OCDO traded up GBX 12.80 ($0.18) during midday trading on Monday, hitting GBX 522.80 ($7.49). 2,384,320 shares of the stock were exchanged, compared to its average volume of 2,950,000. Ocado has a 12 month low of GBX 233.10 ($3.34) and a 12 month high of GBX 603.20 ($8.64).
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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.
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