27.25% to Target, Macquarie Keeps ‘”Outperform”’ Rating on Ocado Group (LON:OCDO) Shares Today

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Ocado Group (LON:OCDO) Rating Reaffirmed

Macquarie now has a GBX 410 TP on shares of Ocado Group (LON:OCDO). The TP would suggest a potential upside of 27.25% from the last stock close of Ocado Group (LON:OCDO). This rating was announced to investors in analysts report on 11 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 33.16% above today’s (GBX 322.8) stock price. Ocado Group Plc was the topic of 24 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Shore Capital maintained shares on December 10 with “Sell” rating. Barclays Capital maintained shares with “Equal Weight” rating and GBX 420 target share price in a report from a December 4. Numis Securities maintained OCDO stock in a recent report from December 10 with “Buy” rating. Credit Suisse maintained the rating on November 30. Credit Suisse has a “Outperform” rating and a GBX 466 price target on shares. Finally, Deutsche Bank maintained the stock with “Hold” rating in a report issued on a December 4.

Approximately 1.13 million shares of stock traded hands. Ocado Group PLC (LON:OCDO) has declined 13.88% since May 14, 2015 and is downtrending. It has underperformed by 10.86% the S&P500.

27.25% to Target, Macquarie Keeps ‘

Ocado Group plc is a United Kingdom online grocery retailing company. The company has a market cap of 2.00 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 285.16 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.

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