Ocado Group Plc (LON:OCDO) Equal weight Rating Reconfirmed Today By Barclays Capital; The Target Price per Share Given is GBX 420.00

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Ocado Group Plc (LON:OCDO) Rating Reaffirmed

London: In an analyst research report released on Friday, 18 December, Barclays Capital kept steady their Equal weight rating on Ocado Group Plc (LON:OCDO) shares. They now have a GBX 420.00 Estimated Target Price on the firm. Barclays Capital’s target provides a potential upside of 25.53% from the company’s current 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 28.47% above today’s (GBX 334.58) stock price. Ocado Group Plc was the topic of 27 analyst reports since August 7, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs maintained shares on December 11 with “Buy” rating. Numis Securities maintained shares with “Buy” rating and GBX 500 target share price in a report from a December 10. Deutsche Bank maintained OCDO stock in a recent report from December 11 with “Hold” rating. BNP Paribas maintained the rating on December 7. BNP Paribas has a “Neutral” rating and a GBX 325 price target on shares. Finally, Morgan Stanley maintained the stock with “Overwt/In-Line” rating in a report issued on a December 10.

The stock increased 0.81% or GBX 2.68 on December 17, striking GBX 334.58. Approximately 2.29M shares of stock traded hands or 7.01% up from the average. Ocado Group PLC (LON:OCDO) has declined 10.03% since May 21, 2015 and is downtrending. It has underperformed by 7.76% the S&P500.

Ocado Group Plc (LON:OCDO) Equal weight Rating Reconfirmed Today By Barclays Capital; The Target Price per Share Given is GBX 420.00

Ocado Group plc is a United Kingdom online grocery retailing company. The company has a market cap of 1.97 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 295.57 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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