Ocado Group PLC (OCDO) Given Consensus Recommendation of “Hold” by Brokerages
Ocado Group PLC (LON:OCDO) has earned an average rating of “Hold” from the seventeen ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is GBX 867.86 ($11.34).
Several research analysts have recently weighed in on OCDO shares. Peel Hunt reaffirmed a “buy” rating on shares of Ocado Group in a research report on Wednesday, October 3rd. Bank of America reaffirmed a “buy” rating and set a GBX 1,020 ($13.33) price objective on shares of Ocado Group in a research report on Tuesday, October 16th. UBS Group reissued a “neutral” rating and set a GBX 750 ($9.80) price target on shares of Ocado Group in a research report on Monday, October 1st. Numis Securities reissued a “buy” rating and set a GBX 1,250 ($16.33) price target on shares of Ocado Group in a research report on Tuesday, October 30th. Finally, Barclays reissued an “equal weight” rating on shares of Ocado Group in a research report on Wednesday, October 10th.
Shares of OCDO stock traded down GBX 11 ($0.14) on Friday, hitting GBX 861.60 ($11.26). 906,204 shares of the stock were exchanged, compared to its average volume of 2,950,000. Ocado Group has a fifty-two week low of GBX 233.10 ($3.05) and a fifty-two week high of GBX 603.20 ($7.88).
Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.
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