Peel Hunt Initiates Coverage on Ocado Group (OCDO)

Investment analysts at Peel Hunt assumed coverage on shares of Ocado Group (LON:OCDO) in a note issued to investors on Thursday. The brokerage set a “buy” rating and a GBX 460 ($6.19) price target on the stock. Peel Hunt’s price target points to a potential upside of 32.03% from the stock’s current price.

Several other research firms have also weighed in on OCDO. Morgan Stanley reiterated an “overweight” rating and issued a GBX 380 ($5.11) price objective on shares of Ocado Group in a research note on Wednesday, November 29th. Numis Securities reiterated a “buy” rating and issued a GBX 400 ($5.38) price objective on shares of Ocado Group in a research note on Tuesday, September 19th. Citigroup started coverage on shares of Ocado Group in a research note on Wednesday, August 30th. They issued a “buy” rating and a GBX 400 ($5.38) price objective for the company. Credit Suisse Group reiterated an “outperform” rating and issued a GBX 480 ($6.46) price objective on shares of Ocado Group in a research note on Monday, November 27th. Finally, Berenberg Bank started coverage on shares of Ocado Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a GBX 286 ($3.85) price objective for the company. Five equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Ocado Group presently has an average rating of “Hold” and an average price target of GBX 316.53 ($4.26).

Shares of Ocado Group (LON OCDO) opened at GBX 348.40 ($4.69) on Thursday. Ocado Group has a one year low of GBX 233 ($3.14) and a one year high of GBX 373.10 ($5.02).

In other news, insider Duncan Tatton-Brown acquired 7,033 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were purchased at an average cost of GBX 283 ($3.81) per share, with a total value of £19,903.39 ($26,787.87). Also, insider Andrew Harrison acquired 6,666 shares of the business’s stock in a transaction on Wednesday, October 11th. The shares were purchased at an average cost of GBX 300 ($4.04) per share, for a total transaction of £19,998 ($26,915.21). In the last three months, insiders purchased 13,858 shares of company stock valued at $4,035,240.

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About Ocado Group

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 (LON:OCDO)

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