Ocado Group plc (OTCMKTS:OCDGF) Receives Average Recommendation of “Hold” from Analysts

Shares of Ocado Group plc (OTCMKTS:OCDGF – Get Rating) have earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $1,026.67.

A number of research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price objective on Ocado Group from GBX 500 ($6.10) to GBX 550 ($6.71) in a report on Monday, December 5th. Morgan Stanley decreased their price objective on Ocado Group from GBX 595 ($7.26) to GBX 420 ($5.13) in a report on Monday, October 10th.

Ocado Group Price Performance

OTCMKTS OCDGF opened at $9.50 on Friday. The stock’s 50-day moving average is $8.19 and its 200-day moving average is $8.19. Ocado Group has a one year low of $4.43 and a one year high of $20.92.

Ocado Group Company Profile

(Get Rating)

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through three segments: Ocado Retail, UK Solutions & Logistics, and International Solutions. It also sells general merchandise products on its Ocado.com; provides online retail solutions; and offers customer fulfillment centre and logistics services.