Ocado Group Plc (LON:OCDO) Rating Reaffirmed
In a comprehensive report disseminated this morning, Deutsche Bank has reaffirmed their “Hold” rating on Ocado Group Plc (LON:OCDO) shares. The target price means a possible downside of -12.49% from company’s current stock price.
From a total of 11 analysts covering Ocado Group Plc (LON:OCDO) stock, 7 rate it a ”Buy”, 2 a “Sell”, and 5 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 550 while the lowest target price is GBX 200. The mean of all analyst targets is GBX 421.55 with a 16.30% above today’s (GBX 377.1) stock price. Ocado Group Plc was the topic of 18 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Credit Suisse maintained shares on November 30 with “Outperform” rating. HSBC maintained shares with “Reduce” rating and GBX 200 target share price in a report from an October 21. UBS upgraded OCDO stock in a recent report from November 23 to “Buy” rating. Macquarie Research initiated the rating on October 20. Macquarie Research has a “Outperform” rating and a GBX 410 price target on shares. Finally, Barclays Capital maintained the stock with “Equal Weight” rating in a report issued on a November 9.
The stock closed the day at GBX 377.1 during the previous session. It is down 0.77% since May 7, 2015 and is uptrending. It has outperformed by 1.06% the S&P500.
Ocado Group plc is a United Kingdom online grocery retailing company. The company has a market cap of 2.23 billion GBP. The Firm is engaged in the grocery retailing and the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods. It has 333.13 P/E ratio. The Firm is engaged in operating its own grocery and general merchandise retail businesses in the United Kingdom under the Ocado.com and other specialist shop banners.