Ocado Group plc (LON:OCDO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Ocado Group plc (LON:OCDOGet Rating) have earned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 830.20 ($10.12).

OCDO has been the subject of several research analyst reports. Peel Hunt reaffirmed a “buy” rating and set a GBX 1,061 ($12.93) price target on shares of Ocado Group in a research report on Tuesday, February 28th. Royal Bank of Canada downgraded shares of Ocado Group to an “underperform” rating and decreased their target price for the company from GBX 800 ($9.75) to GBX 560 ($6.83) in a research note on Thursday, January 26th. Barclays reiterated an “equal weight” rating and set a GBX 740 ($9.02) price objective on shares of Ocado Group in a research note on Wednesday, March 1st. Finally, Shore Capital reiterated a “not rated” rating on shares of Ocado Group in a research note on Tuesday, February 28th.

Ocado Group Trading Down 3.7 %

Shares of Ocado Group stock opened at GBX 425 ($5.18) on Thursday. Ocado Group has a 52-week low of GBX 9.50 ($0.12) and a 52-week high of GBX 1,249.50 ($15.23). The firm has a market cap of £3.51 billion, a price-to-earnings ratio of -720.34 and a beta of 0.98. The company has a quick ratio of 2.82, a current ratio of 2.92 and a debt-to-equity ratio of 98.49. The company’s 50-day simple moving average is GBX 643.28 and its 200-day simple moving average is GBX 625.98.

About Ocado Group

(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.

Further Reading

Analyst Recommendations for Ocado Group (LON:OCDO)

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