The Ocado Group PLC’s (OCDO) Conviction-Buy Rating Reiterate at Goldman Sachs Group Inc.

The Ocado Group PLC’s (OCDO) Conviction-Buy Rating Reiterate at Goldman Sachs Group Inc.

Ocado Group PLC (LON:OCDO)‘s stock had its “conviction-buy” rating reissued by equities researchers at Goldman Sachs Group Inc. in a research note issued on Monday.

Other equities research analysts have also recently issued reports about the company. Barclays PLC reissued an “equal weight” rating and issued a GBX 265 ($3.31) target price on shares of Ocado Group PLC in a research note on Thursday, September 15th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 400 ($5.00) target price on shares of Ocado Group PLC in a research note on Tuesday, September 13th. Deutsche Bank AG reissued a “hold” rating on shares of Ocado Group PLC in a research note on Thursday, August 11th. HSBC reissued a “reduce” rating and issued a GBX 190 ($2.37) target price on shares of Ocado Group PLC in a research note on Wednesday, September 14th. Finally, Shore Capital raised Ocado Group PLC to a “hold” rating in a research note on Tuesday, August 9th. Five equities research analysts have rated the stock with a sell rating, two have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 322.08 ($4.02).

Shares of Ocado Group PLC (LON:OCDO) opened at 269.90 on Monday. Ocado Group PLC has a 52 week low of GBX 203.00 and a 52 week high of GBX 391.00. The company’s market capitalization is GBX 1.60 billion. The company has a 50-day moving average price of GBX 268.77 and a 200-day moving average price of GBX 267.40.

In related news, insider Douglas McCallum acquired 80,000 shares of the firm’s stock in a transaction dated Friday, October 21st. The shares were purchased at an average price of GBX 277 ($3.46) per share, with a total value of £221,600 ($276,861.57). Also, insider Andrew Harrison acquired 11,500 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of GBX 258 ($3.22) per share, for a total transaction of £29,670 ($37,068.97).

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