Tim Steiner Purchases 87 Shares of Ocado Group (LON:OCDO) Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner purchased 87 shares of Ocado Group stock in a transaction dated Wednesday, July 15th. The stock was acquired at an average price of GBX 172 per share, for a total transaction of £149.64.

Tim Steiner also recently made the following trade(s):

• On Friday, June 12th, Tim Steiner acquired 76 shares of Ocado Group stock. The stock was purchased at an average price of GBX 198 per share, for a total transaction of £150.48.
• On Friday, May 15th, Tim Steiner purchased 81 shares of Ocado Group stock. The stock was bought at an average cost of GBX 185 per share, with a total value of £149.85.

Ocado Group Stock Down 18.3%

LON OCDO opened at GBX 145.20 on Thursday. Ocado Group plc has a 12 month low of GBX 140.30 and a 12 month high of GBX 397.90. The company has a market capitalization of £1.21 billion, a P/E ratio of 2.98 and a beta of 2.39. The company has a debt-to-equity ratio of 131.70, a current ratio of 2.00 and a quick ratio of 2.81. The company’s 50 day simple moving average is GBX 191.51 and its 200 day simple moving average is GBX 209.17.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 310 price target on shares of Ocado Group in a report on Monday, June 1st. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of GBX 373.50.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.