Ocado Group’s (OCDO) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Ocado Group (LON:OCDO)‘s stock had its “buy” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Monday,London Stock Exchange reports. They currently have a GBX 310 price target on the stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 43.94% from the stock’s previous close.

Ocado Group Trading Down 3.4%

OCDO stock opened at GBX 215.36 on Monday. The company has a market cap of £1.79 billion, a price-to-earnings ratio of 4.42 and a beta of 2.32. The company has a quick ratio of 2.82, a current ratio of 2.00 and a debt-to-equity ratio of 131.70. The business has a fifty day simple moving average of GBX 195.57 and a 200-day simple moving average of GBX 213.77. Ocado Group has a 52 week low of GBX 165.85 and a 52 week high of GBX 397.90.

Ocado Group (LON:OCDO) last released its quarterly earnings data on Friday, March 6th. The company reported GBX (44.60) EPS for the quarter. Ocado Group had a return on equity of 24.47% and a net margin of 29.33%.

Insider Transactions at Ocado Group

In related news, insider Jorn Rausing purchased 910,698 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was purchased at an average cost of GBX 202 per share, for a total transaction of £1,839,609.96. In the last three months, insiders acquired 911,174 shares of company stock valued at $184,050,978. 36.12% of the stock is currently owned by corporate insiders.

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.