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

Shares of Ocado Group plc (LON:OCDO – Get 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

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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.