Peel Hunt Reiterates Buy Rating for Ocado Group (OCDO)

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Ocado Group (LON:OCDO)‘s stock had its “buy” rating reissued by stock analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, August 15th.

Several other equities research analysts have also recently weighed in on OCDO. Numis Securities upgraded Ocado Group to a “buy” rating and set a GBX 700 ($9.03) price target on the stock in a research report on Wednesday, May 2nd. HSBC upgraded Ocado Group to a “hold” rating in a research report on Friday, May 18th. Credit Suisse Group upped their price target on Ocado Group from GBX 585 ($7.55) to GBX 930 ($12.00) and gave the company an “outperform” rating in a research report on Friday, May 18th. AlphaValue upgraded Ocado Group to an “add” rating in a research report on Monday, May 21st. Finally, Morgan Stanley cut Ocado Group to an “equal weight” rating and upped their price target for the company from GBX 545 ($7.03) to GBX 870 ($11.22) in a research report on Tuesday, May 29th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 533.20 ($6.88).

Shares of Ocado Group stock opened at GBX 1,085.50 ($14.00) on Wednesday. Ocado Group has a 52-week low of GBX 233.10 ($3.01) and a 52-week high of GBX 603.20 ($7.78).

In other news, insider Duncan Tatton-Brown sold 100,000 shares of the business’s stock in a transaction dated Thursday, July 12th. The stock was sold at an average price of GBX 866 ($11.17), for a total transaction of £866,000 ($1,117,131.06). Also, insider Tim Steiner sold 4,791,200 shares of the business’s stock in a transaction dated Friday, August 24th. The stock was sold at an average price of GBX 1,060 ($13.67), for a total value of £50,786,720 ($65,514,344.69).

Ocado Group Company Profile

Ocado Group plc operates as an online grocery retailer in the United Kingdom. It sells general merchandise products on its Ocado.com hypermarket through three specialty destination sites, including Fetch, a specialty pet store; Sizzle, a kitchen and dining store; and Fabled, a premium beauty store. The company also engages in the development and monetization of intellectual property and technology used for the online retailing, logistics, and distribution of grocery and consumer goods.

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Analyst Recommendations for Ocado Group (LON:OCDO)

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