Ocado Group (LON:OCDO) Earns Coverage Pending Rating from Shore Capital

Shore Capital restated their coverage pending rating on shares of Ocado Group (LON:OCDO – Get Rating) in a report issued on Tuesday morning, Marketbeat reports.

Other research analysts have also issued reports about the stock. Royal Bank of Canada reiterated a sector perform rating and set a GBX 1,700 ($20.82) price target on shares of Ocado Group in a research note on Monday, May 30th. JPMorgan Chase & Co. dropped their price target on shares of Ocado Group from GBX 1,550 ($18.99) to GBX 850 ($10.41) and set a neutral rating on the stock in a research note on Friday, May 27th. Berenberg Bank dropped their price target on shares of Ocado Group from GBX 1,800 ($22.05) to GBX 1,415 ($17.33) and set a buy rating on the stock in a research note on Wednesday, June 15th. Finally, Morgan Stanley reiterated an overweight rating on shares of Ocado Group in a research note on Wednesday, May 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Ocado Group presently has a consensus rating of Moderate Buy and a consensus price target of GBX 2,193.33 ($26.87).

Shares of Ocado Group stock opened at GBX 855.40 ($10.48) on Tuesday. Ocado Group has a 52-week low of GBX 9.50 ($0.12) and a 52-week high of GBX 2,105 ($25.78). The company has a quick ratio of 3.84, a current ratio of 4.04 and a debt-to-equity ratio of 106.96. The company’s 50-day simple moving average is GBX 887.43 and its 200-day simple moving average is GBX 1,211.81. The firm has a market cap of £6.43 billion and a price-to-earnings ratio of -28.32.

In related news, insider Richard N. (Rick) Haythornthwaite bought 12,600 shares of the stock in a transaction on Monday, May 9th. The shares were bought at an average cost of GBX 794 ($9.73) per share, for a total transaction of £100,044 ($122,542.87). Insiders have acquired 12,650 shares of company stock worth $10,048,720 over the last 90 days.

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.

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