Ocado Group (LON:OCDO) Rating Reaffirmed
Recently, In an interesting research report published on Friday, 4 December, Ocado Group (LON:OCDO) shares have had their Hold Rating reconfirmed by investment analysts at Deutsche, who currently has a GBX 330.00 target price per share on firm. This target by Deutsche suggests the possibile downside of -11.98% from the 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 15.45% above today’s (GBX 379.9) stock price. Ocado Group Plc was the topic of 20 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on December 4 with “Hold” rating. JP Morgan maintained shares with “Overweight” rating and GBX 476 target share price in a report from a November 23. Credit Suisse maintained OCDO stock in a recent report from November 30 with “Outperform” rating. HSBC maintained the rating on October 21. HSBC has a “Reduce” rating and a GBX 200 price target on shares. Finally, UBS upgraded the stock to “Buy” rating in a report issued on a November 23.
Approximately 530,282 shares of stock traded hands. Ocado Group PLC (LON:OCDO) has risen 0.77% since May 7, 2015 and is uptrending. It has outperformed by 3.56% the S&P500.
Ocado Group plc is a United Kingdom online grocery retailing company. The company has a market cap of 2.24 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 335.6 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.