Ocado Group (LON:OCDO) Price Target Raised to GBX 1,450

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Ocado Group (LON:OCDO) had its target price upped by Citigroup from GBX 1,300 ($16.99) to GBX 1,450 ($18.95) in a research note released on Friday morning, Digital Look reports. Citigroup currently has a buy rating on the stock.

Other research analysts also recently issued reports about the company. Numis Securities restated a buy rating and issued a GBX 1,700 ($22.21) price target (up from GBX 1,550 ($20.25)) on shares of Ocado Group in a research note on Thursday, May 9th. Peel Hunt restated a buy rating on shares of Ocado Group in a research note on Thursday, May 9th. Bank of America raised their price target on Ocado Group from GBX 1,020 ($13.33) to GBX 1,630 ($21.30) and gave the company a buy rating in a research note on Wednesday, May 8th. Finally, Jefferies Financial Group restated a hold rating on shares of Ocado Group in a research note on Tuesday, April 9th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of GBX 1,150 ($15.03).

OCDO stock opened at GBX 1,152.50 ($15.06) on Friday. The company has a debt-to-equity ratio of 64.79, a quick ratio of 1.53 and a current ratio of 1.75. The company has a 50 day moving average of GBX 1,205.74. The company has a market capitalization of $8.06 billion and a P/E ratio of -167.03. Ocado Group has a twelve month low of GBX 730.60 ($9.55) and a twelve month high of GBX 1,440.50 ($18.82).

In other news, insider Stuart Rose sold 150,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of GBX 1,199 ($15.67), for a total value of £1,798,500 ($2,350,058.80). Also, insider Mark Richardson sold 46,932 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of GBX 1,287 ($16.82), for a total value of £604,014.84 ($789,252.37).

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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Analyst Recommendations for Ocado Group (LON:OCDO)

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