Ocado Group (LON:OCDO) Receives “Buy” Rating from Citigroup

Citigroup reissued their buy rating on shares of Ocado Group (LON:OCDO) in a research note released on Wednesday, Digital Look reports.

Several other equities research analysts have also issued reports on OCDO. Royal Bank of Canada reaffirmed a sector perform rating and set a GBX 485 ($6.34) price target on shares of in a report on Tuesday, July 9th. Numis Securities raised shares of AJ Bell to a hold rating in a report on Monday, June 10th. Peel Hunt raised shares of MJ Gleeson to a hold rating and lifted their price target for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a report on Thursday, July 4th. Jefferies Financial Group reaffirmed a buy rating and set a GBX 3,000 ($39.20) price target on shares of in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. lifted their price target on shares of LYFT from $82.00 to $86.00 in a report on Wednesday, May 8th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 1,150 ($15.03).

Shares of Ocado Group stock opened at GBX 1,143.50 ($14.94) on Wednesday. The company has a market cap of $8.08 billion and a price-to-earnings ratio of -165.72. The company has a quick ratio of 1.53, a current ratio of 1.75 and a debt-to-equity ratio of 64.79. The firm’s 50 day moving average is GBX 1,168.99. Ocado Group has a 1 year low of GBX 730.60 ($9.55) and a 1 year high of GBX 1,440.50 ($18.82).

In other Ocado Group news, insider Stuart Rose sold 150,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of GBX 1,199 ($15.67), for a total transaction of £1,798,500 ($2,350,058.80).

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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