Ocado Group (LON:OCDO) Insider Tim Steiner Purchases 50 Shares of Stock

Ocado Group plc (LON:OCDO) insider Tim Steiner bought 50 shares of the company’s stock in a transaction dated Thursday, October 15th. The shares were acquired at an average price of GBX 302 per share, for a total transaction of £151.

Tim Steiner also recently made the following trade(s):

• On Tuesday, September 15th, Tim Steiner purchased 74 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 204 per share, with a total value of £150.96.
• On Monday, August 17th, Tim Steiner purchased 61 shares of Ocado Group stock. The stock was acquired at an average cost of GBX 243 per share, with a total value of £148.23.

Ocado Group Price Performance

OCDO stock traded down GBX 9 during mid-day trading on Friday, reaching GBX 291. 10,087,094 shares of the company’s stock were exchanged, compared to its average volume of 19,413,656. The company has a market cap of £2.43 billion, a price-to-earnings ratio of -9.60 and a beta of 2.41. The stock’s 50 day moving average is GBX 241.63 and its 200 day moving average is GBX 209.99. The company has a debt-to-equity ratio of 110.64, a current ratio of 1.41 and a quick ratio of 2.81. Ocado Group plc has a 12-month low of GBX 140.30 and a 12-month high of GBX 316.40.

Ocado Group (LON:OCDO) last posted its quarterly earnings data on Thursday, July 16th. The company reported GBX (3.90) EPS for the quarter. Ocado Group had a negative net margin of 14.29% and a negative return on equity of 15.94%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. upped their price objective on shares of Ocado Group from GBX 245 to GBX 290 and gave the stock an “overweight” rating in a research report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of GBX 300.

Ocado Group Company Profile

Ocado Group is a UK based technology company that provides end-to-end online grocery fulfilment solutions, known as the Ocado Smart Platform, to some of the world’s largest grocery retailers and holds a 50% share of Ocado Retail Ltd in the UK in a Joint Venture with Marks & Spencer. OSP comprises access to Ocado’s physical infrastructure solutions, running highly efficient warehouse operations for the single pick of products, together with the entire end-to-end proprietary software applications required to operate a world class online grocery business.