Ocado Group (OCDO) Given Buy Rating at Citigroup
Several other analysts have also commented on the company. Shore Capital reissued a not rated rating on shares of Ocado Group in a report on Tuesday, February 6th. Peel Hunt reissued a buy rating and issued a GBX 520 ($7.29) price objective on shares of Ocado Group in a report on Thursday, February 1st. Credit Suisse Group raised their price objective on Ocado Group from GBX 480 ($6.73) to GBX 600 ($8.41) and gave the company an outperform rating in a report on Monday, January 29th. Royal Bank of Canada raised their price objective on Ocado Group from GBX 320 ($4.49) to GBX 525 ($7.36) and gave the company a sector performer rating in a report on Friday, January 26th. Finally, Morgan Stanley raised their price objective on Ocado Group from GBX 380 ($5.33) to GBX 545 ($7.64) and gave the company an overweight rating in a report on Thursday, January 25th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of Hold and an average target price of GBX 371.75 ($5.21).
Ocado Group (LON OCDO) opened at GBX 462.50 ($6.48) on Wednesday. The firm has a market capitalization of $2,920.00 and a P/E ratio of 23,750.00. Ocado Group has a 12-month low of GBX 233.10 ($3.27) and a 12-month high of GBX 551.40 ($7.73).
COPYRIGHT VIOLATION WARNING: This piece of content was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US & international copyright & trademark law. The legal version of this piece of content can be read at https://theolympiareport.com/2018/02/11/ocado-group-ocdo-given-buy-rating-at-citigroup.html.
Ocado Group plc is a United Kingdom-based online grocery retailer. The Company’s principal activities are grocery retailing and the development and monetization of Intellectual Property (IP) and technology used for the online retailing, logistics and distribution of grocery and consumer goods, derived from the United Kingdom.
Receive News & Ratings for Ocado Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ocado Group and related companies with MarketBeat.com's FREE daily email newsletter.