Ocado Group PLC (OTCMKTS:OCDGF) Given Consensus Recommendation of “Hold” by Brokerages

Ocado Group PLC (OTCMKTS:OCDGF) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company.

OCDGF has been the topic of several research reports. UBS Group reaffirmed a “neutral” rating on shares of Ocado Group in a research note on Wednesday, September 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ocado Group in a research note on Tuesday. Barclays lowered Ocado Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 10th. Morgan Stanley reissued an “equal weight” rating on shares of Ocado Group in a research note on Thursday, August 20th. Finally, Berenberg Bank restated a “buy” rating on shares of Ocado Group in a report on Wednesday, September 9th.

OTCMKTS:OCDGF opened at $33.66 on Wednesday. Ocado Group has a 12 month low of $12.83 and a 12 month high of $34.25. The company’s 50-day moving average price is $30.52 and its two-hundred day moving average price is $23.82.

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 (OTCMKTS:OCDGF)

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