Ocado Group (LON:OCDO) Rating Reaffirmed
Recently, In analysts report revealed to investors on Friday, 11 December, Ocado Group (LON:OCDO) shares have had their “Buy” Rating reaffirmed by analysts at Goldman Sachs, who currently has a GBX 700.00 TP on company. This target by Goldman Sachs means the possibile upside of 117.46% from the closing share 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 33.66% above today’s (GBX 321.6) 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 1.20 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.
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 284.1 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.