Morgan Stanley restated their equal weight rating on shares of Ocado Group (LON:OCDO) in a research report sent to investors on Monday, Digital Look reports. Morgan Stanley currently has a GBX 1,320 ($17.25) price objective on the stock.
OCDO has been the subject of several other research reports. Peel Hunt restated a buy rating on shares of Ocado Group in a research note on Monday. Numis Securities restated a buy rating on shares of Ocado Group in a research note on Monday, June 10th. Bank of America raised their target price on Ocado Group from GBX 1,020 ($13.33) to GBX 1,630 ($21.30) and gave the stock a buy rating in a research note on Wednesday, May 8th. Citigroup restated a buy rating on shares of Ocado Group in a research note on Wednesday, July 10th. Finally, HSBC downgraded Ocado Group to a reduce rating and raised their target price for the stock from GBX 750 ($9.80) to GBX 900 ($11.76) in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of GBX 1,165.45 ($15.23).
Shares of LON OCDO opened at GBX 1,208 ($15.78) on Monday. Ocado Group has a 52 week low of GBX 730.60 ($9.55) and a 52 week high of GBX 1,440.50 ($18.82). The business has a 50-day moving average of GBX 1,187.43. The company has a current ratio of 1.37, a quick ratio of 1.23 and a debt-to-equity ratio of 94.24. The company has a market cap of $8.48 billion and a P/E ratio of -48.91.
In other news, insider Stuart Rose sold 150,000 shares of Ocado Group stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of GBX 1,199 ($15.67), for a total transaction of £1,798,500 ($2,350,058.80). Also, insider Luke Jensen purchased 10,000 shares of the company’s stock in a transaction dated Tuesday, August 6th. The shares were acquired at an average price of GBX 1,153 ($15.07) per share, with a total value of £115,300 ($150,659.87). In the last quarter, insiders have bought 10,025 shares of company stock valued at $11,560,260.
Ocado Group Company Profile
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.
Further Reading: Put Option Volume
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