Ocado Group (LON:OCDO) Rating Reaffirmed
Ocado Group (LON:OCDO) just had their share rating of a ‘Overwt/In-Line’ issued by research analysts at Morgan Stanley, who now has a GBX 420 TP on the 1.96 billion GBP market cap company or a 21.81% upside potential. This key information was revealed to investors in an interesting research report on Thursday, 10 December.
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 27.25% above today’s (GBX 337.8) stock price. Ocado Group Plc was the topic of 21 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. BNP Paribas maintained shares on December 7 with “Neutral” rating. JP Morgan maintained shares with “Overweight” rating and GBX 476 target share price in a report from a November 23. Barclays Capital maintained OCDO stock in a recent report from December 4 with “Equal Weight” rating. UBS upgraded the rating on November 23. UBS has a “Buy” rating and a GBX 480 price target on shares. Finally, J.P. Morgan maintained the stock with “Overweight” rating in a report issued on a November 23.
Approximately 1.09 million shares of stock traded hands. Ocado Group PLC (LON:OCDO) has declined 7.26% since May 13, 2015 and is downtrending. It has underperformed by 5.32% the S&P500.
Ocado Group plc is a United Kingdom online grocery retailing company. The company has a market cap of 1.96 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 298.41 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.