Trading Report: Today, Ocado Group PLC (OCDO) Given Sell Rating at Deutsche Bank AG

Today, Ocado Group PLC (OCDO) Given Sell Rating at Deutsche Bank AG

Ocado Group PLC (LON:OCDO)‘s stock had its “sell” rating restated by equities research analysts at Deutsche Bank AG in a report issued on Monday. They currently have a GBX 220 ($2.75) price objective on the stock. Deutsche Bank AG’s target price would indicate a potential downside of 17.60% from the stock’s previous close.

Other research analysts have also issued research reports about the stock. Numis Securities Ltd restated a “buy” rating and set a GBX 400 ($5.00) target price on shares of Ocado Group PLC in a research report on Tuesday, September 13th. Goldman Sachs Group Inc. reiterated a “buy” rating and set a GBX 450 ($5.62) price target on shares of Ocado Group PLC in a research report on Friday, October 28th. Barclays PLC reiterated an “equal weight” rating and set a GBX 265 ($3.31) price target on shares of Ocado Group PLC in a research report on Thursday, September 15th. Shore Capital upgraded shares of Ocado Group PLC to a “hold” rating in a research report on Tuesday, August 9th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and set a GBX 410 ($5.12) price target on shares of Ocado Group PLC in a research report on Monday, September 26th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. Ocado Group PLC presently has a consensus rating of “Hold” and a consensus price target of GBX 322.08 ($4.02).

Shares of Ocado Group PLC (LON:OCDO) traded up 3.30% during midday trading on Monday, hitting GBX 275.80. The stock had a trading volume of 1,261,117 shares. Ocado Group PLC has a 1-year low of GBX 203.00 and a 1-year high of GBX 391.00. The company’s 50 day moving average price is GBX 268.77 and its 200-day moving average price is GBX 267.40. The firm’s market capitalization is GBX 1.63 billion.

In other news, insider Andrew Harrison bought 11,500 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was acquired at an average price of GBX 258 ($3.22) per share, with a total value of £29,670 ($37,068.97). Also, insider Alex Mahon bought 6,256 shares of the stock in a transaction that occurred on Thursday, November 10th. The shares were purchased at an average cost of GBX 272 ($3.40) per share, with a total value of £17,016.32 ($21,259.77).

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