Ocado Group (LON:OCDO) Now Covered by Analysts at Credit Suisse Group
Credit Suisse Group assumed coverage on shares of Ocado Group (LON:OCDO) in a research report report published on Friday morning, Stock Target Advisor reports. The firm issued an underperform rating and a GBX 932 ($12.26) target price on the stock.
Several other equities research analysts have also recently commented on OCDO. Peel Hunt restated a buy rating on shares of Ocado Group in a research note on Monday, February 24th. Peel Hunt restated a buy rating and issued a GBX 1,700 ($22.36) target price on shares of Ocado Group in a research note on Friday, November 29th. Berenberg Bank restated a buy rating on shares of Ocado Group in a research note on Wednesday. Shore Capital restated a not rated rating on shares of Ocado Group in a research note on Tuesday, February 11th. Finally, Goldman Sachs Group boosted their target price on Ocado Group from GBX 1,220 ($16.05) to GBX 1,250 ($16.44) and gave the company a neutral rating in a research note on Friday, January 31st. Five equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. Ocado Group presently has an average rating of Hold and an average target price of GBX 1,232.47 ($16.21).
LON OCDO traded down GBX 16.50 ($0.22) during trading on Friday, hitting GBX 1,064 ($14.00). The stock had a trading volume of 4,249,743 shares, compared to its average volume of 2,950,000. The company has a market capitalization of $7.57 billion and a PE ratio of -36.19. The company’s 50-day moving average price is GBX 1,231.09 and its two-hundred day moving average price is GBX 1,252.38. The company has a debt-to-equity ratio of 57.47, a quick ratio of 1.91 and a current ratio of 2.20. Ocado Group has a 12 month low of GBX 876.80 ($11.53) and a 12 month high of GBX 1,440.50 ($18.95).
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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