Ocado Group (LON:OCDO) Insider Acquires £150.28 in Stock

Ocado Group plc (LON:OCDO) insider Stephen Daintith acquired 68 shares of Ocado Group stock in a transaction dated Monday, November 17th. The shares were bought at an average cost of GBX 221 per share, for a total transaction of £150.28.

Stephen Daintith also recently made the following trade(s):

• On Wednesday, October 15th, Stephen Daintith bought 65 shares of Ocado Group stock. The shares were bought at an average price of GBX 233 per share, with a total value of £151.45.
• On Monday, September 15th, Stephen Daintith purchased 62 shares of Ocado Group stock. The stock was bought at an average cost of GBX 243 per share, for a total transaction of £150.66.

Ocado Group Trading Down 17.4%

OCDO stock traded down GBX 37.90 during midday trading on Tuesday, hitting GBX 179.90. The company had a trading volume of 546,520,313 shares, compared to its average volume of 10,048,685. The stock has a market cap of £1.49 billion, a price-to-earnings ratio of 3.83 and a beta of 1.85. Ocado Group plc has a 52 week low of GBX 166 and a 52 week high of GBX 397.90. The company has a current ratio of 2.35, a quick ratio of 2.82 and a debt-to-equity ratio of 144.16. The stock’s 50 day moving average price is GBX 232.90 and its 200 day moving average price is GBX 268.71.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. increased their price target on shares of Ocado Group from GBX 400 to GBX 437 and gave the company an “overweight” rating in a research report on Friday, August 1st. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of GBX 437.

About Ocado Group

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.