Ocado Group PLC (LON:OCDO) insider Neill Abrams purchased 12 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was acquired at an average cost of GBX 1,303 ($17.14) per share, for a total transaction of £156.36 ($205.68).
Shares of OCDO traded down GBX 18.50 ($0.24) on Thursday, reaching GBX 1,320 ($17.36). 1,077,252 shares of the stock traded hands, compared to its average volume of 2,950,000. The firm has a market cap of $9.41 billion and a price-to-earnings ratio of -53.44. The company has a debt-to-equity ratio of 94.24, a current ratio of 1.37 and a quick ratio of 1.23. Ocado Group PLC has a 12 month low of GBX 814.20 ($10.71) and a 12 month high of GBX 1,440.50 ($18.95). The stock’s 50-day moving average price is GBX 1,255.48 and its 200-day moving average price is GBX 1,245.50.
Several brokerages have commented on OCDO. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,700 ($22.36) price target on shares of Ocado Group in a research report on Friday, November 29th. Barclays restated an “equal weight” rating on shares of Ocado Group in a research report on Tuesday, November 26th. Berenberg Bank upgraded Ocado Group to a “buy” rating and boosted their price objective for the company from GBX 876 ($11.52) to GBX 1,635 ($21.51) in a research report on Tuesday, December 10th. JPMorgan Chase & Co. cut Ocado Group to an “underweight” rating and lowered their price objective for the company from GBX 1,073 ($14.11) to GBX 1,050 ($13.81) in a research report on Monday, October 14th. Finally, Peel Hunt restated a “buy” rating on shares of Ocado Group in a research report on Wednesday, December 18th. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 1,251.15 ($16.46).
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.
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