Ocado Group (OCDO) Stock Rating Reaffirmed by Numis Securities

Ocado Group (LON:OCDO)‘s stock had its “buy” rating reissued by investment analysts at Numis Securities in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 1,700 ($22.21) price target on the stock, up from their prior price target of GBX 1,550 ($20.25). Numis Securities’ price target would suggest a potential upside of 26.96% from the company’s current price.

A number of other research analysts have also recently issued reports on OCDO. Peel Hunt reissued a “buy” rating on shares of Ocado Group in a research note on Tuesday, April 9th. JPMorgan Chase & Co. lifted their price objective on shares of Ocado Group from GBX 967 ($12.64) to GBX 1,070 ($13.98) and gave the company a “neutral” rating in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating on shares of Ocado Group in a research note on Tuesday, April 9th. Citigroup reissued a “buy” rating on shares of Ocado Group in a research note on Wednesday, March 27th. Finally, BNP Paribas reissued an “underperform” rating and issued a GBX 700 ($9.15) price objective on shares of Ocado Group in a research note on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 1,125 ($14.70).

Shares of LON:OCDO opened at GBX 1,339 ($17.50) on Thursday. The company has a market capitalization of $9.33 billion and a P/E ratio of -194.06. The company has a current ratio of 1.75, a quick ratio of 1.53 and a debt-to-equity ratio of 64.79. Ocado Group has a 1 year low of GBX 541.40 ($7.07) and a 1 year high of GBX 1,440.50 ($18.82).

In other Ocado Group news, insider Mark Richardson sold 46,932 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of GBX 1,287 ($16.82), for a total value of £604,014.84 ($789,252.37).

About Ocado Group

Ocado Group plc operates as an online grocery retailer in the United Kingdom and internationally. The company operates through two segments, Retail and Solutions. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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