Analysts Set Ocado Group PLC (LON:OCDO) Price Target at $309.45

Ocado Group PLC (LON:OCDO) has been given a consensus recommendation of “Hold” by the twelve analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 294 ($3.84).

A number of brokerages recently weighed in on OCDO. Credit Suisse Group increased their price objective on shares of Ocado Group PLC from GBX 455 ($5.94) to GBX 480 ($6.27) and gave the company an “outperform” rating in a research report on Thursday, July 13th. Barclays PLC restated an “equal weight” rating and set a GBX 265 ($3.46) price objective on shares of Ocado Group PLC in a research report on Monday, July 10th. J P Morgan Chase & Co reaffirmed an “overweight” rating and set a GBX 390 ($5.09) target price on shares of Ocado Group PLC in a report on Thursday, July 6th. Deutsche Bank AG reaffirmed a “sell” rating and set a GBX 220 ($2.87) target price on shares of Ocado Group PLC in a report on Thursday, July 6th. Finally, Shore Capital reaffirmed an “under review” rating on shares of Ocado Group PLC in a report on Wednesday, July 5th.

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Shares of Ocado Group PLC (LON OCDO) opened at 292.20 on Tuesday. The stock’s 50 day moving average is GBX 294.26 and its 200 day moving average is GBX 263.81. The stock’s market cap is GBX 1.75 billion. Ocado Group PLC has a 52 week low of GBX 233.00 and a 52 week high of GBX 340.00.

About Ocado Group PLC

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.

Analyst Recommendations for Ocado Group PLC (LON:OCDO)

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